Apex Fund Services (Hong Kong) Ltd

Managing Director:		T.E. Srikumar T.E. will join Apex Hong Kong in January 2008. Prior to joining Apex, T.E. was a Group Manager at BISYS Hedge Fund Services for 3 years. He has also worked for KPMG Al Nisf in Kuwait where he gained experience with the Kuwait Investment Authority and real estate and private equity work in the region. Prior to this he worked with PriceWaterhouseCoopers in Mumbai, India. He is a member of the Institute of Chartered Accountants in India.
About Apex Hong Kong:	Apex Fund Services (Hong Kong) Ltd. Commenced operations on 15th November 2007. The hedge fund management market in Hong Kong has recorded remarkable growth over the past two years, according to an SFC survey. The number of hedge fund managers doubled from 58 to 118 in the past two years. The total hedge fund assets under management (AUM) in Hong Kong of these respondents increased by a staggering 268% to US$33.5 billion over the same two-year period. Mr Martin Wheatley, SFC’s Chief Executive Officer, said: “The findings show that Hong Kong’s hedge fund market has grown substantially and confirm Hong Kong’s position as a leading hedge fund management centre in Asia.”
Regulatory Environment:	The Securities and Futures Commission (SFC) is responsible for prudential supervision of the securities industry. The Commission is an independent body that was established in May 1989.   The SFC's role is to supervise the stock and futures exchanges, to license and monitor intermediaries such as brokers and dealers, to devise and enforce detailed rules for conduct of business and capital adequacy for intermediaries, and to monitor the securities market generally to ensure compliance by all participants with legislation.   In 1994 additional legislation was introduced to regulate leveraged foreign exchange dealers, for which the SFC is also responsible. Staff of the SFC and the Stock Exchange monitor dealings in securities on the Exchange, watching for unusual transactions and price movements. Possible instances of insider dealing in securities are investigated.   Shareholders representing not less than 10 percent of a company's issued shares or 100 shareholders may request the Financial Secretary to investigate a company's affairs if malpractice is suspected.
Contact Details of  T.E. Srikumar:	E-mail: Srikumar@apexfunds.hk Work phone: + 852 3749 6500 Mobile: +852 63929640 Address: 3007-3008 Shui on Center, 6-8 Harbour Road, Wan Chai, Hong Kong