It emerged this week that Platinum Capital Management Ltd has launched a new hedge fund product investing in long and short equities of companies with significant exposure to China.
The Platinum Dynasty Fund Limited (which will be advised by Shanghai-based Dynasty Asset Management, and will have access to Dynasty's portfolio) will focus on large cap China-related securities based in China, Hong Kong, Japan, Singapore, Korea, Taiwan, and the United States.
The minimum investment in the fund is $100,000, or $25,000 via the Platinum Wealth Management bond. There is an annual management fee of 1.5%, and a performance fee of 15% on net new highs.
Speaking following the launch of the new hedge fund, Platinum's chairman, Peter Sprecher explained that:
"China is already one of the largest economies in the world and is scheduled by some to become perhaps the leading economy within 20 years."
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