Yanfu Investments, Ubiquant and Jun Ge Asset Management are among a host of China-based quantitative hedge funds that are re opening their funds to investors after freezing inflows last year to sidestep a widespread rout in Chinese stocks, according to a report by Bloomberg.
Yanfu Investments, Ubiquant and Jun Ge Asset Management are among a host of China-based quantitative hedge funds that are re opening their funds to investors after freezing inflows last year to sidestep a widespread rout in Chinese stocks, according to a report by Bloomberg.
Yanfu Investments, founded by former Two Sigma Investments analyst Gao Kang, has reopened all products and said it’s now able to run 80 billion yuan ($11 billion), more than double its current size. Beijing-based Ubiquant meanwhile, is planning to raise 2 billion yuan by re-opening a strategy that aims to beat the CSI 1000 Index, while Jin Ge AM has also ended its self-imposed freeze on inflows.
The funds all suspended inflows late last year after rapid expansion in the industry prompted increased scrutiny from regulators which reportedly impacted performance.
China’s quant hedge funds have averaged a 2.3% loss this year up to 23 September, while the benchmark CSI 300 Index saw a 22% slump and traditional actively managed hedge funds lost 12%.
