Pine River China Fund to Start With as Much as $150 Million
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Pine River Capital Management LP, manager of one of the most profitable U.S. hedge funds last year, will start a China fund with as much as $150 million in October, a marketing document seen by Bloomberg News showed.
Pine River China Fund will employ strategies including equity long-short, relative-value credit, event driven, convertible bond and quantitative arbitrage, according to the document. It will also exploit valuation gaps between yuan-denominated shares traded in China and Hong Kong-quoted China stocks, it added.