22 Jun 2009
Since last October to the end of April, the Shanghai Shenzhen 300 Index had added about 60 percent, China Hedge has revealed. According to a local survey, about 6.66% of domestic hedge fund managers are selling stocks in May. At the same time, many local hedge fund houses are ready to launch new products.
About half of all hedge fund managers are optimistic on the market. The survey said about 54.3% of managers being going to issue new trust plans in the next six months. About 22.3% said they wouldn’t consider any new plans. The rest 22.3% said it depended on the market situation.
According to Shanghai Securities News, a report said in April about 30 trust plans were launched nationwide, in which eight plans are trading. The report also said China hedge fund industry has had over than RMB20 billion assets under management.
Big names, such as Wudang Asset Management and Golden Investment Management, both had launch more funds recently. Sanyang Asset, Rosefinch Investment, Congrong Capital and MagaTrust Investment, would also debut their new trust plans.
About half of all hedge fund managers are optimistic on the market. The survey said about 54.3% of managers being going to issue new trust plans in the next six months. About 22.3% said they wouldn’t consider any new plans. The rest 22.3% said it depended on the market situation.
According to Shanghai Securities News, a report said in April about 30 trust plans were launched nationwide, in which eight plans are trading. The report also said China hedge fund industry has had over than RMB20 billion assets under management.
Big names, such as Wudang Asset Management and Golden Investment Management, both had launch more funds recently. Sanyang Asset, Rosefinch Investment, Congrong Capital and MagaTrust Investment, would also debut their new trust plans.
