Deals
Ex-Deutsche Bank Saba Prop Trader Leads Hedge Fund to 200% Gain
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Prudence Enhanced Income Fund, led by former Deutsche Bank AG Saba proprietary trader Chad Liu, returned 200 percent in two years trading credit and convertible bonds sold by Chinese companies internationally.
The Hong Kong-based hedge fund, which started in January 2009, beat the Eurekahedge Asia Fixed Income Hedge Fund Index’s 35 percent gain in the same period. Assets increased to more than $250 million from $30 million, Liu, Prudence Investment Management’s chief investment officer, said in an interview yesterday.