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...