Hedge Fund Intelligence Hedge Fund Intelligence - China | Page 30
CHINA 2013 ASSET MANAGEMENT Another asset class that is making headway in China is commodities. “China has some of the most liquid commodities futures exchanges in the world,” says Wang at Vision. “Intra-day trading volumes, driven mainly by retail investors, are extraordinarily high, and the potential of the Chinese commodities market has started to attract the attention of global CTAs.” Most notably, says Wang, it has attracted the attention of UK-based managed futures giant Winton Capital, which has launched what is believed to be China’s first CTA in a joint venture with Fortune SG Fund Management. “Combining Winton’s technology in systematic trend-following strategies and Fortune SG’s knowledge of China’s investment market, the product is trading financial and commodity futures listed in the four futures exchanges in China (China Financial Futures Exchange, Shanghai Futures Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange), which account for over 20 types of futures contracts,” says Michelle Yan Leung, general manager at Fortune SG Asset Management in Hong Kong. Michelle Yan Leung, “This is definitely an innovative product for Chigeneral manager at nese investors, targeting absolute and high returns Fortune SG Asset with low correlation to traditional assets. There is a huge market in China for alternative investments Management in given the underperformance of Chinese equities Hong Kong years. Since >> There is a huge market for the past double-digit inception, the strategy is delivering a return and we see growin China for alternative ing interests from investors: the size of the product investments given the has increased by over 10 times in less than a year. Moreover, it should attract other global alternative underperformance of and he ???????????????????????????????
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