Persistent Edge offers hedge fund expertise to CIC

Persistent Edge has been AsiaÆs most successful fund of hedge funds provider in the past three years. During the good times, they outperformed the rest of the funds of funds market by a considerable margin, and now, remarkably, in the downward cycle they have succeeded in preserving capital at a time when global funds of hedge funds are down nearly 20% on-average. Now, it are setting its sights on helping China Investment Corporation (CIC) manage its money. CIC has not had a good year…