Launches & Closures

Cypress House reveals global ambition, readies new funds


China specialist Cypress House, with $523 million in assets, is looking to be a global asset management player with plans to expand its fund menu and actively cultivate investors from the Middle East, US and Europe. The firm, now Hong Kong and Shenzhen based, was started by Long Xiaobo, previously the first CEO of Dacheng Asset Management and one of the pioneers of asset management in China.

Cypress House's sole hedge fund offering, an offshore (Hong Kong-authorised) hedge fund called China Dragon Engine Fund, has been very successful to date, returning a whopping 131% in 2009 and being