Wall Street Journal- Hedge fund JANA Partners has agreed to pay 1.01 billion yuan, or about $132 million, for the equity stake in Shenyang Machine Tool (Group) Co., China's largest lathe maker.

Investment News- Hong Kong's Securities and Futures Commission is simplifying the licensing agreements for overseas hedge-fund managers looking to set up shop in the territory.

Reuters- Schroders said on Wednesday its fund-of-hedge-funds division had opened a research office in Hong Kong to try to capitalise on the region's booming hedge fund sector.

Reuters India- Indian hedge funds will grow rapidly despite a hesitant attitude from the country's regulators, industry participants said on Tuesday, as investors keep piling money into the nascent industry.