Stratton Street Plans US$1 Billion Chinese Bond Fund

Nov 6 2012 | 12:46pm ET

Stratton Street Capital has launched a UCITS-compliant hedge fund to invest in Chinese renminbi-denominated bonds, with hopes of raising US$1 billion.

The new fund, still subject to regulatory approval, aims to profit from an expected appreciation of the Chinese currency. Stratton Street has run a renminbi bond fund for six years, returning 28% over the past two years.

"It's very popular to say the renminbi is fully-valued," head of sales Andrew Clark told Wealth Manager. "But China is a creditor and creditor currencies are going up."


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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