Thursday, 2 October 2014
Last updated 21 min ago
Nov 12 2010 | 11:03am ET
E Fund Management, the mutual fund firm that launched China’s first officially-registered hedge fund, is planning a pair of emerging markets funds for launch next year, including a hedge fund.
The Hong Kong unit of China’s second largest asset manager hopes to raise between US$200 million and US$500 million for the two funds within their first six months. E Fund aims to increase the combined size of the long/short global fund and long-only fund to US$5 billion within five years, Bloomberg News reports.
The funds will use fundamental and quantitative screens, and may favor Chinese stocks.
“We combine China insights with global experience,” E Fund’s Hong Kong CEO, Charles Wang, told Bloomberg. “We’re here in Hong Kong, we’re competing with the Goldman Sachs, Fidelities and Blackstones.”
Wang, will manage the new funds along with new hire Fei Peng. Wang joined E Fund in July from Acadian Asset Management, while Fei was head of North American active equities at State Street Global Advisors.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...