Hedge Funds

Andante targets growth to $50m in maiden macro fund


Andante Capital Management, a Hong Kong-based global quantitative macro/arbitrage shop set up by Chunli Hou and Xiaoliang Zhao in June 2008, is looking to grow assets in its maiden offering, the Andante Global Alpha Fund.

The fund gained a solid 12% annualised return since launch in July with volatility as low as 6%, and the firm is looking to move from the start up stage to a more established level of around $50 million.

Aside from the fact that Andante is one of the very few Asia-based global macro funds, the firm differentiates itself from other CTAs in