Bloomberg – A former senior adviser to China’s state pension fund and a former head of Morgan Stanley’s Asia prime brokerage business started a China-focused hedge fund this week that will bet on rising and falling Chinese stocks.
JT Greater China Long/Short Fund, backed by the international arm of the nation’s third-largest mutual fund house, started trading on Nov. 1, said Larry Zhang, 48, chief investment officer of its Hong Kong-based manager JT Capital Management Ltd. Harvest Global Investments Ltd.’s international unit holds a “minority but significant” stake in JT Capital, he added, declining to give further details on the arrangement.
