State Street, Citi, Lehman Vets Found China-Focused Hedge Fund

Jul 20 2010 | 12:56pm ET

A trio of veteran Chinese traders has launched a China-focused hedge fund.

Trivest Advisors’ maiden fund debuted on July 1 with US$93 million, Bloomberg New reports. The long/short equity vehicle invests primarily in Chinese securities trading on foreign stock exchanges, although it will hold some China-listed stocks. The firm is targeting 15% to 20% annual returns.

Trivest is the brainchild of Wu Huimin, a former fund manager at State Street Global Advisors. Most recently, Wu, who serves as the new firm’s chief investment officer, managed Prime Capital Management’s Dragon Billion Greater China Fund.

Wu’s co-manager and one of three partners at Trivest is Xue Lan, formerly head of China research at Citigroup and Merrill Lynch. The third partner is Sun Lu, who covered Chinese stocks at Indus Capital Global Advisors and telecommunications at Lehman Brothers.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).