China credit specialist Prudence expands fund menu, seeks institutional assets
Fri Apr 1, 2011
China credit specialist Prudence Investment Management is
pushing to grow its two China-focused funds as it adopts a more
proactive approach to wooing institutional funds.
The firm runs two funds – the Prudence Fixed Income
Fund and the long-only Prudence RMB Income Fund. The first fund
began operating in January 2009 with exceptional returns
(97.64% in 2009 and 47.79% in 2010), and the RMB fund was
launched in January. Prudence now manages a combined $300
million in both funds and CIO Chad Liu said the group now has
sufficient capacity and capability to be managing $1
ISSN: 2151-1845 / CDC10004H
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