Launches & Closures

GoldenFaith starts off with Cayman Islands-based China fund


GoldenFaith Asset Management has joined the ranks of emerging hedge fund managers based in China, having launched a Cayman Islands-domiciled China focused equity long/short fund in February.

As of now, the firm runs an office in Shanghai with a team of eight, but the next step for it is to seek a large international investor for the fund and set up an office in Hong Kong, says May Chen, COO.

The firm may also look to develop an onshore fund business, but that will likely come later. The GoldenFaith Fund invests in companies that derive their earnings from Greater