WEST PALM BEACH, FL (www.hedgeco.net) – Qinhan Capital Management has launched a new hedge fund; a multi-strategy hedge fund will be investing across the full range of Chinese securities, accordingto a report by the FinanceAsia news service. The new hedge fund is domiciled in Delaware, but will be managed from New Jersey. The fund hopes to provide investors with absolute returns by exploitingopportunities through long-short strategies, as well as convertible bonds, and fixed income.
John Li Huaizhong, CIO of Quinhan said, “Since 2001, the partners have built localized trading and risk management processes, proprietary securities valuation models and unique due diligence practices.� Huaizhong, was a former money manager at Deutsche Morgan Grenfell and China Southern Fund Management. He was credited for implementing the first China bond funds according to published reports.
Qinhan Capital Management will employ an in-house research technique and staff designed to suit the Chinese market. Such strategy will enable the managers to identify suitable long-only securities, which are trading below their anticipated market price.
The new strategy provides for an automatic one-year lock-up period according to Huaizhong, fee structure is established at 1.5 percent and 20 percent for annual management and performance fees respectively. Formal launching of the fund has been set for March 2005.
Paul Oranika
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HedgeCo.Net
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