Ocean Capital, a new Hong Kong-based hedge fund outfit, has launched a China-focused macro fund with an initial capital of $15-20 million.
The duo behind the firm are Asian financial market veterans Will Li and Vince Feng. Li was the former managing director of UBS's China investment banking team while Feng is the former head of Greater China for General Atlantic.
The fund seeks to apply a top-down approach in structuring investments.
The co-founders will seek to utilise their investing experience, China industry knowledge, and academic training in economic history and economic sociology to search for investment opportunities