Aspect Capital, a London based hedge fund, will soon apply to qualify to set up shop in mainland China to establish onshore fundraising and offer its products, according to a report by The Business Times. The report cites two people familiar with the matter as confirming the story.
According to the report, Aspect Capital is planning on hiring two senior staff and open an office in Shanghai.Aspect aims to be registered as a wholly foreign-owned enterprise (WFOE), which would allow the hedge fund to tap into the increasing demand from China’s massive investors for alternative assets, and is still in early stages of the process.
The hedge fund has approximately $8bn in AUM, and is a computer driven fund.
