China's E Fund Readies Two Emerging Markets Launches In Hong Kong

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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…