China credit specialist Prudence expands fund menu, seeks institutional assets

Fri Apr 1, 2011

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Chad Liu
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 billion.

Liu...

ISSN: 2151-1845 / CDC10004H

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