Fund launches & closures

Ex-Emperor PM off to fast start with new Greater China fund

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Christopher Yue, an ex-portfolio manager on Emperor Investment Management’s long/short Greater China equities fund, one of the first long/short hedge funds based in China, launched his own hedge fund three months ago and has returned +26.82% year-to-date despite the challenging environment.

Yue played the contrarian on the back of sell-offs in November and December and has quickly produced strong gains for the recently-launched Asia Discovery Fund, which is managed by his firm Asia Alpha Capital Management, generating positive returns of 15.61% in January and 9.70% in February.

With under $10 million in seed investments, Asia Alpha is investing