Launches & Closures

ShuJun moving into index futures arb


Quant pioneer readies $200 million trust fund

Shanghai ShuJun Fund Management, the pioneer of high-frequency, quantitative programme-driven trading in China, is readying the launch of a $200 million trust fund that will focus on index futures arbitrage in China.

Hong Liu

The move aims to take advantage of China allowing index futures trading from 16 April, and ShuJun has already been running a strategy based on that, delivering 5.33% between 16 April and 9 June, or an annualised 58%, without leverage.

Even though trust funds are not allowed currently to trade index futures directly, ShuJun does arbitrage trading by using the trust capital