Hong Kong-based private equity firm SAIF Partners is planning its first hedge fund.
Asian Investor reported that SAIF, which provides growth capital to companies in Asia, will launch the new offering this month. The hedge fund will utilize a long/short strategy targeting companies with “substantial exposure to the Chinese economy or a large base in Greater China,” with at least $400 million in market capitalization.
The article added that SAIF has been running the hedge fund, run by Beijing-based partner Brandon Lin, with internal money for over a year and had been looking to expand with seed capital from one of its main investors.
Founded in 2001, SAIF has additional locations in Beijing, Shanghai and Delhi. It currently manages over $3.5 billion in capital.