HONG KONG (HedgeWorld.com)–JF Asset Management, part of JP Morgan Fleming, a unit of J.P. Morgan Chase & Co, began investing for its retail Greater China Absolute Return Fund a few weeks ago, with more than US$13 million.
The pool specializes in stocks that trade in Taiwan and Hong Kong, using a long/short strategy. In the future, its portfolio could also include Chinese businesses listed in South Korea and Singapore.
The Greater China Absolute Return Fund and another JF vehicle, Asia Absolute Return Fund, were among the hedge funds approved for wide public distribution by the Hong Kong Securities and Futures Commission late last year Previous HedgeWorld Story.
JF Asia Absolute Return Fund has been available to institutional investors for several years and has US$160 million in assets but has not yet been offered to the retail market.
