Hong Kong-based HFZ Capital Management is expecting a rapid scale-up in assets to about $200 million for its niche metals focused fund that primarily arbitrages metal prices between the Sino and western markets.
The fund has been running since June 2008, returning a solid 9% annualised with a volatility of 5.7% since then, and delivering a strong 13.8% return for the year to date.
The fund was...