Pictet Asset Management has rolled out a Ucits-compliant version of its long/short China equity hedge fund, HFMWeek reports. The PTR-Mandarin fund, which will be launched for outside investors of the firm, will aim at a wide range of investors, including private banks, funds of hedge funds and institutional and retail investors.
The portfolio focuses on fundamentals and invests basically in Chinese companies listed in Hong Kong and mainland China. Lan Simond is the portfolio manager of the fund, which has already raised $345 million.
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