Sunday, 19 April 2015
Last updated 16 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…