Pine River Preps $150M China Hedge Fund

Sep 6 2013 | 4:14am ET

Pine River Capital Management will launch a China-focused hedge fund next month with as much as $150 million in initial capital.

The Minnesota-based hedge fund, which has more than doubled its assets under management over the past two years to $13.6 billion, expects the China Fund to debut with at least $100 million. The fund will be managed by Dan Li, its co-head of Asian trading.

Li joined Pine River last year from Magnetar Capital, where he led its China business from 2005 through 2011, and formerly worked at Citadel Investment Group.

Pine River China will be a multi-strategy vehicle, with equity long/short, relative-value credit, event-driven, convertible bond, quantitative arbitrage and relative-value arbitrage portfolios, Bloomberg News reports.

The firm did not identify its initial investors in the marketing document seen by Bloomberg.

Pine River is no stranger to Asia, having run a regional fund since 2004. That fund has about $270 million in assets.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.