Finding hidden value in Chinese convertibles
UG Investments plans to spearhead the opening of China''s closed end funds, replicating its experience in Taiwan.
Taiwan-based hedge fund UG Investments has launched its sixth fund - this time investing in undervalued assets in China. The UG Hidden Dragon Fund has been launched with $10 million under management sourced from the fund managers and the fund's Taiwan-based investors.
Richard Fan, principal at UG Investments, says the fund currently has a capacity of $30 million, with size being limited by the amount of QFII quota. However, he believes the fund will be able to increase in size as i…
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