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Hong Kong Firm Shuts Down HF

Jan 15, 2013
Jing Chen

China’s second largest asset manager has closed one of its hedge funds due to poor performance and declining assets.

Asian Investor reported that E Fund Management’s emerging markets hedge fund lost 2.8% in the 12 months since its August 2011 launch and has just under $6 million in assets. The article also said that capital has been returned to investors.

Separately, E Fund’s long-only emerging markets fund also recently shut down.

Based in Hong Kong, E Fund has about $30 billion in assets under management.


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