J.P. Morgan launches hedge fund set-up guide for Asia

J.P. Morgan Worldwide Securities Services has developed Hedge:ahead, a guide to show fund managers how to launch hedge funds successfully in Asia

J.P. Morgan Worldwide Securities Services has published a guide to setting up hedge funds in Asia to help make the process as simple as possible for fund managers.

Hedge:ahead has been created by J.P. Morgan’s hedge fund services team and includes input from the Alternative Investment Management Association and EurekaHedge.

According to the bank, the guide addresses topical concerns for new funds such as jurisdiction and regulatory issues, fee structures, service provider selection and technology systems.

Adam Wallace, head of hedge fund services for Asia Pacific, discussed the need for fund managers to have a ‘robust’ operational structure in addition to a successful trading strategy when setting up a hedge fund. To attract investors, managers need to partner with leading service providers, implement strong EMS/OMS systems and put into place comprehensive operating procedures, he added.

“It will give managers better visibility over complex areas such as regulations, legal and auditing processes and technology considerations, thereby soothing the growing pains that inevitably accompany an expanding hedge fund and ensuring the fund can scale-up smoothly and efficiently as new investors come on board," Wallace added.

Other contributors to the guide included Axxsys Consulting, Ogier and PricewaterhouseCoopers.