Wednesday, 1 October 2014
Last updated 4 hours ago
Apr 15 2011 | 1:23pm ET
E Fund Management, the firm that last year launched China's first officially-registered hedge fund, will launch the first of two planned emerging markets hedge funds this month.
The Global Emerging Markets "China Enhanced" fund will actually be launched by E Fund's Hong Kong unit, and not in mainland China. The long-only fund will target annual returns of 4% to 6% in excess of its benchmark when it debuts towards the end of the month.
E Fund will follow that launch with the debut of the Global Emerging Markets Opportunistic Long-Short Fund in the second half, targeting 15% annual returns. Combined, E Fund hopes to raise US$500 million for the two funds.
"Global emerging markets is a very attractive asset class and many global investors realize they underallocate to emerging markets," E Fund's Hong Kong CEO, Charles Wang, told Reuters.
The US$500 million should just be a start for the two funds: The long-only fund has a capacity of US$5 billion, while the long/short fund could manage up to US$1.5 billion. E Fund is marketing the two products to institutional investors, family offices and high-net-worth individuals.
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...