Launches & Closures

Penjing seeds Greater China fund by Pangu


Hong Kong-based Pangu Capital has rolled out a Pan Asia Greater China fund that combines equity long/short investing with convertible bond and fixed income. Seeded by Penjing Asset Management, Pangu launched with $16 -million of internal and Penjing capital.

The duo behind the firm is Anthony Tse and Simon Hwang, both with significant experience across capital structures including equities, CBs and bonds, and investing in stable and highly volatile markets. The fund will invest in Greater China-focused companies that derive much of their cash flow in China but are listed across the world, such as in the US