Hedge Funds

China's E Fund moves into global alternative investments

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E Fund Management, China's second largest asset manager in asset terms with CNY190 billion ($27.83 billion) in assets, has set up an office in Hong Kong, with plans to build out global alternative investments capability from there. This will comprise a Greater China fund, quantitative strategies and funds investing in other regions.

The firm already runs a Cayman-domiciled Greater China equity long/short fund and plans to roll out another offshore Greater China equity long/short strategy by around September.

It is also in talks with potential investors for the new strategy as well as allocating more capital to Hong