Friday, 27 November 2015
Last updated 1 day ago
Jun 11 2008 | 11:57am ET
Hong Kong-based hedge fund shop Ginger Capital has launched a long-biased fund seeking to take advantage of China’s growing importance in the global economy.
The Ginger Opportunity Fund debuted with between US$20 million and US$30 million, targeting returns in excess of 20%, Asian Investor reports. Ginger Capital says the fund has a target size of US$500 million.
The new fund focuses on non-Chinese companies poised to profit from a booming China, investing only in companies with market capitalizations in excess of US$600 million. Net exposure will be between 30% and 70%, with no more than 20% of assets invested in one sector theme, and no more than 10% in any one name. Long-biased investments—those held between 12 and 18 months—make up 80% of the fund.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…