(AICIO) Hywin Capital Management, based in Shanghai, has launched a new, multi-manager hedge fund that is targeting 8% to 15% annual returns with minimal drawdowns, according to Gib Dunham, managing director and the portfolio manager of the fund.
The quantitative fund will allocate assets to four primary sectors, including relative value, private credit, quantitative, and zero correlation, Dunham said. He added that the focus of the fund is to combine managers with the proven ability to generate excess returns over benchmark indices, manage drawdowns, and provide returns that are uncorrelated with the broad industry benchmarks.