Small Asian hedge funds seek capital from millionaires amid cash squeeze
YOUNG MONEY Staff
16 November 2011
In April, E Fund Management Co. stated China's first officially registered hedge fund and subsequently raised $100 million to manage, according to the media outlet. Iridium Asset Management, which is headquartered in Singapore, started buying assets in 2010 using capital provided by the family of the founder.
New hedge funds always face obstacles when raising money. "It is always hard to raise money for new startup hedge funds, but it is generally easier from family offices and private wealth," Zhen Liu, managing director of index and quantitative investment at Guangzhou-based E Fund Management, told the media outlet.
Alternatively, U.S.-based hedge funds are having little trouble rounding up capital. These financial entities have gained $39.9 billion in net inflows and pending searches from the beginning of 2011 through November 10, according to an analysis provided by Pensions & Investments.
Beck Bamberger career career coach Careers collection agency credit card credit report credit score debt debt consolidation debt counseling Derek Hoffman employment entrepreneur profile Entrepreneurship Facebook financial literacy find a job get out of debt health insurance internet scams Investing Laura Tirello life coach marketing Mike Michalowicz Money Management mortgage new company paying for college personal finance recession save money saving money Shopping social media start a business student loans the edge Toilet Paper Entrepreneur Travel unemployment video young entrepreneur young entrepreneurs
- Most Read
- Most Emailed
- Most Comments
- None Found
Financial help Center