Friday, 22 May 2015
Last updated 2 hours ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…