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