Roundtable: Lighting the way ahead

Mon Sep 17, 2012


Sunshine funds lack the investment flexibility of hedge funds, but forthcoming regulation should help them increase their range of strategies and sophistication


Sunshine funds aren't hedge funds. But to investors in mainland China, frustrated at the shackles placed on conventional mutual funds, they are regarded as the next best thing. As a report recently published by KPMG explains, the name 'sunshine' represents "the contrast between the transparent and regulated environment that sunshine funds operate within versus the privately managed, self-funded world of the 'underground' hedge fund".

With the market for sunshine funds having expanded rapidly since the launch of the first product in February 2004, AsiaHedge invited a number of market participants to exchange their views on the growth of the industry to date, and the challenges and opportunities that lie ahead.

Participants in the roundtable were:
• ANNE-MARIE GODFREY , Partner, Bingham McCutchen, Hong Kong. Bingham McCutchen LLP is a US law firm with offices outside the US in Hong Kong, Beijing, Tokyo, London and Frankfurt and has extensive experience...

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