WEST PALM BEACH, FL (www.hedgeco.net) – The Ginger Capital hedge fund will soon be offered to investors according to new press release. The new fund was set up by the ex-Goldman Sachs bankers, XuYanping and Christine Fu, working in conjunction with Ding Yi. The Ginger Capital fund was launched few months ago with a hefty $120 million in seed capital. The value of the fund now stands at $130million and assets will grow rapidly now that the fund is being offered to other qualified investors.
The fund is aiming at an annual return in the range of 15 percent trading with volatility expectation in the range of 5 percent. The new fund according to Xu will begin soft closing when assets near the $250 million range. Xu said, “We’ll look to soft close at around $250 million, however as the market expands we’ll probably be targeting a fund size of $500 million over a three-to-five year horizon.”
Xu, an ex-Goldman Sachs executive is the CEO of the fund. He spent about six years at Goldman Sachs managing over $500 million for ultra-high net worth individuals and institutions according to published reports. Fu, the research director for the Ginger Capital also worked at Goldman Sachs investment banking division, advising Chinese companies and government entities.
The Ginger Capital fund will channel investment assets into two China portfolios, one portfolio invests in commodities, fixed income and forex, while the second portfolio is dedicated to equity long/short strategy. Ding Yi commented, “Our approach to the long/short portfolio is to take a top-down macro view on the direction of events and then use a bottom up approach to pick the stocks most likely to benefit from these trends.� He added, “We also felt that interpreting our macro views through an equity fund was not always the most efficient means, so we invest in a variety of instruments in our macro portfolio that allow us to take full advantage of the breadth and depth of the market. This differentiates us from other China-focused funds, which tend to take a very fundamental, bottom-up stock picking approach.”
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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