Wednesday, 1 July 2015
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…