Hedge Funds

China credit specialist Prudence expands fund menu, seeks institutional assets


Chad Liu
China credit specialist Prudence Investment Management is pushing to grow its two China-focused funds as it adopts a more proactive approach of wooing institutional funds.

The firm runs two funds – the Prudence Fixed Income Fund and the long-only Prudence RMB Income Fund. The first fund began operating in January 2009 and has since delivered exceptional returns (97.64% in 2009 and 47.79% in 2010), while the RMB fund has just been launched in January.

Prudence now manages a combined $300 million in both funds and CIO Chad Liu says the group now has