10.02.2010 - Gen2 plans fund to mirror China private trusts for foreigners
From Businessweek.com: Gen2 Partners, a Hong Kong-based manager of $400 million of assets, will help start a fund this month to mirror the performances of Chinese trust funds that invest in mainland shares off-limits to most foreigners. Cigma China Evolution Fund will raise money from pension and sovereign wealth funds and rich families, Paul Heffner, Gen2’s chief executive officer, said in an interview yesterday. It will replicate the performances of three to 12 Chinese trust fund managers selected by Gen2 by taking trading instructions from them, said Wesley Hu, Gen2’s chief investment officer.......................................Full Article: Source
Print