Pinpoint liquidates commodity fund

Fri Jan 20, 2012

Pinpoint Asset Management, the hedge fund manager based in Hong Kong and Shanghai, has liquidated its Cayman-registered Rising Commodity Fund. The firm says the move will allow it to concentrate more on its China fund.

The four-and-half year old commodity fund had assets of around $51 million before it was liquidated at the beginning of the year. The fund suffered a 14.01 % loss last year following considerable volatility in the market.

It is understood that the amount raised from the liquidation has been...

ISSN: 2151-1845 / CDC10004H

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