Launches & Closures

ICBC Credit Suisse aims at $100m for long/short vehicle

by

A wholly-owned subsidiary of ICBC Credit Suisse Asset Management in Beijing is launching in Hong Kong a China equity long-only fund in early March and targeting $100 million in assets for the fund.

The Cayman-registered ICBC Credit Suisse China Opportunity Equity Fund Segregated Portfolio invests in Chinese companies that are headquartered in China or have significant business exposure to the mainland but are listed abroad.

Hao Kang, the head of international equities at ICBC Credit Suisse Asset Management, has relocated to Hong Kong from Beijing, to run the group’s operation in the city.

The segregated portfolio has an