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Ex-Citi exec readies $50 mln Greater China hedge fund

Reuters – Emerald Orient Investment Advisor, founded by former Citigroup Smith Barney portfolio manager Daniel Chan and four others, is set to launch a Greater China dedicated hedge fund betting on the technology and consumer sectors.

The fund, which received an asset management licence in Hong Kong on April 13 and was backed by seed capital from a large family office related to a Fortune 500 company, had started trading with about $25 million, Chan said.

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