Former Goldman bankers market China fund

Hong Kong-based Ginger Capital set to begin formal marketing after launching last year with over $100 million.

Ginger Capital, a Greater China hedge fund set up by ex-Goldman bankers Xu Yanping and Christine Fu, together with ex-China Everbright's Ding Yi, is planning to begin marketing. The Hong Kong based fund was launched in June 2004 with a hefty $120 million under management.

Portfolio manager Ding says the initial capital was raised mainly from the team's contacts and relationships with high net-worth individuals in Asia. The team has recently begun actively marketing the fund, which currently stands at over $130 million.

During the last six months of 2004, Ginger returned around 15%. The fund is targeting an annual return in excess of 15% per annum...

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