Tuesday, 5 May 2015
Last updated 9 hours ago
Jun 11 2014 | 9:59am ET
A former top stock manager at China’s sovereign wealth fund is set to launch a long-biased hedge fund focused on the country.
Yu Bin, who served as managing director of public equities at the China Investment Corp., left the fund earlier this year for personal reasons after five years. Among his responsibilities at the US$650 billion SWF was allocating to external long-only stock funds, the demand for which he now hopes to tap.
“For anyone interested in value and performance over the long term, this should be a great opportunity for managers, such as Yu Bin, looking to launch long-biased China funds,” Eurekahedge CEO Alex Mearns told Bloomberg News.
Yu will remain based in China; most long-biased China funds are actually based in Hong Kong.
Prior to joining CIC in 2009, Yu worked at Guangfa Fund Management, Eagle Capital Management and McKinsey & Co.
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…