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Alternative Market Briefing

Oasis Management to acquire China hedge fund

Friday, July 27, 2018

Matthias Knab, Opalesque for New Managers:

Oasis Management Company Ltd. today announced its agreement to acquire Petrel Capital Management Ltd., a Greater China-focused investment firm founded in 2015 by Rawen Huang.

Mr. Huang, Founder and Chief Investment Officer at Petrel Capital, will join Oasis as Head of Greater China Strategies, a newly-created role, and will report directly to Seth Fischer, Chief Investment Officer at Oasis.

The Petrel Greater China Fund will be renamed the Oasis Petrel Greater China Fund. Mr. Huang will continue to serve as the Portfolio Manager for the Oasis Petrel Fund.

"Rawen and I worked closely together from 2012 to 2014 during his time at Oasis, and we are very impressed by what he has built in Petrel Capital. We are excited to welcome him back,'' said Mr. Fischer. "We look forward to working with Rawen and his team to further expand our Greater China portfolio."

"I'm very excited for the opportunity to re-join Oasis,'' said Mr. Huang. "Seth has been the biggest supporter of me and Petrel Capital since our inception, and I look forward to leading Oasis's Greater China team and contributing to Oasis's continued success. I would also like to express our gratitude to Alvin Fan and OP Investment Management for their invaluable partnership during the last three years."

"Having worked with Rawen over the last three years, I can attest to Petrel's ......................

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