Ex-Two Sigma Researcher Becomes Big Winner of China Quant Quake
- Yanfu elbows its way into top four with $7.7 billion of assets
- Pinestone, Manfeng beat indexes, more than doubling assets
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A Chinese hedge fund founded by a Two Sigma Investments LP alumnus is emerging as one of the biggest winners from this year’s shakeup of the 1.6 trillion yuan ($220 billion) industry.
Thanks to its outperformance during what Man Group called a “Quant Quake” in February, Shanghai-based Yanfu Investments LLC is leading a recovery to generate index-beating returns and lure talent. Run by former Two Sigma researcher Gao Kang, the firm catapulted to the top four quant funds in China for the first time, with 56 billion yuan of assets under management as of late April.