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.