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China Firm on 8-Year Winning Streak Is Opening a New Hedge Fund

  • Snow Lake Asia Master Fund to open to investors next month
  • Fund made almost 16% in first four months with internal money

Snow Lake Capital Ltd., manager of one of only a handful of Greater China-focused stock hedge funds to have an eight-year track record of gains, is opening a new Asia fund to outside investors in early September, people with knowledge of the matter said.

The Snow Lake Asia Master Fund returned almost 16 percent in four months of trading with internal money through July, said the people, who asked not to be identified because the information is private. The total amount of money being sought from outside investors hasn’t yet been determined, they said.