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Schonfeld Asia Hedge Fund Spinoff Raises More Than $750 Million

  • Keystone Investors China-focused fund began trading on April 1
  • Startup fund plans to reopen to capital in the fourth quarter

A hedge fund spinoff from Schonfeld Strategic Advisors that focuses on Greater China stocks has raised more than $750 million within a few months, a rare feat in a year when slumping returns have deterred investors.

Keystone Investors Pte began trading on April 1 with backing from Schonfeld, while the majority of money was raised from other investors, the new venture’s Chief Executive Officer Ken Tonkinson said. The fund is closed to new capital to manage asset size and plans to reopen in the fourth quarter, he said.