Wednesday, 28 January 2015
Last updated 34 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…