E Fund Management, the second-largest asset management company in China, is planning to offer the nation’s first registered hedge fund. Along with a long-only mutual fund, the two will invest in emerging markets securities. They will be run out of E Fund’s Hong Kong office.
Within six months, E Fund aims to raise $200 million to $500 million for the two funds combined. Within five years, the target assets under management is $5 billion. E Fund Management has $29 billion in assets under management.