Saturday, 18 April 2015
Last updated 20 hours 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.
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…