HFT eyes Taiwan banks' offshore platforms

Ever since Taiwanese banks were permitted in February to sell offshore investment products via their offshore banking units (OBUs), asset managers have been busy looking to get their funds on those distributors’ shelves. HFT Investment Management’s offshore arm in Hong Kong is one such firm. “We’re in talks with a few Taiwanese banks on several of our [RQFII] products,” says Jelle Vervoorn, chief executive of HFT IM. Like Hong Kong and Singapore, Taiwan is a market with a lot of…