Monday, 26 January 2015
Last updated 2 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…