Taiwan-based hedge fund UG Investments has launched its sixth fund - this time investing in undervalued assets in China. The UG Hidden Dragon Fund has been launched with $10 million under management sourced from the fund managers and the fund's Taiwan-based investors.
Richard Fan, principal at UG Investments, says the fund currently has a capacity of $30 million, with size being limited by the amount of QFII quota. However, he believes the fund will be able to increase in size as it acquires more QFII capacity over time.
UG Investments was among the earliest hedge funds to launch in Asia and was established in 1998 by ex-Yuanta...
