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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Minnesota Firm Launching China Hedge Fund

Sep 08, 2013
Jing Chen

Minnesota-based Pine River Capital Management is preparing to launch a multi-strategy China hedge fund next month with as much as $150 million in assets.

Bloomberg Businessweek reported that the new fund will utilize strategies including equity long-short, relative-value credit, event driven, convertible bond and quantitative arbitrage and will be headed by Dan Li, one of Pine River’s 16 partners. 

It was not disclosed who the fund's investors are. 

Regarded as one of the most profitable U.S. hedge funds last year after its fixed income fund returned 35%, Pine River manages approximately $13.6 billion in assets.

 

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