The Chongyang A-shareAlfaHedge Fund was officially launched yesterdayas the private securities fund in the legal sense

At around 11 AM on March 17 of 2014, Shanghai Chongyang Investment company issued a notice on its official website, announcing the official start of the Chongyang A-share Alfa Hedge Fund with Chongyang Investment acting as the manager and CMS as the custodian. The fund is the first private fund that issued after the release of the revised Law of the People's Republic of China on Funds for Investment in securities and Measures for the Registration of Private Investment fund Managers and fund Filing (For Trial Implementation). And it is the first private securities fund and hedge fund of China in the legal sense, which makes it a milestone in the development of funds.

According to the announcements, the custodian for the fund is CMS. In fact, the private fund integrated solution of CMS provided one-stop services including product design, share registration, net value calculations, trading and clearing for the fund. The scope of service, covering the life cycle of private fund products, includes product design, sales, investment operation and product clearing.

The reason CMS is selected as the partner for Chongyang Investment is that CMS enjoys abundant experiences in private equity outsourcing and custody service. CMS is the first to obtain the private equity custody qualification and one of the first to obtain public equity custody qualification among securities companies, and the first to launch equity administration outsourcing services and private equity custody service in China.