Wednesday, 29 July 2015
Last updated 17 hours ago
Apr 3 2008 | 2:00am ET
Marco Polo Pure Asset Management has launched a new hedge fund, allowing it to explore investments outside of the Chinese mainland.
The firm, whose US$170 million China Fund has enjoyed double-digit returns for the past two years, is set to begin trading its Pan-China Master Fund today.
The new fund, unlike its predecessor, will invest in Hong Kong-listed companies and China-related securities trading overseas, while the China Fund invests entirely in domestically-traded Chinese stocks. At launch, just about one-fifth of the Pan-China fund’s US$20 million in assets will be invested in the Chinese mainland.
The firm has another US$20 million in assets coming into the fund on May 1, and expects to add another US$10 million to that by June 1.
May 27 2015 | 2:15pm ET
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