Fund launches & closures

Wu gets Trivest fund going with $93m

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Huimin Wu, the former head of Prime Capital, launched his fund under the Trivest Advisors moniker with $93 million in July. This is a China multi-strategy fund with underlying strategies aimed at capturing alpha on both the long and short fronts, are core holding, directional long/short and event-driven.

Wu managed the successful Dragon Billion Greater China Fund at Prime Capital, which he founded in Hong Kong and ran until early 2008. He serves as Trivest’s CIO, working alongside CEO Lan Xue, the ex-head of China research at Citi.

Rounding out the executive team is partner Lu Sun, who