Hedge Fund MS Capital Says It Won $1 Billion Mandate for China

Quantitative hedge fund Meridian & Saturn Capital said it won a $1 billion mandate to trade Chinese stocks, another sign investors are boosting allocations to the world’s second-largest economy.

The Singapore-based firm will invest the money in a market-neutral strategy to trade onshore Chinese equities, Kate Zhang, founding partner and chief executive officer, said in an interview.