Martin Currie plans to launch a China hedge fund in October.
The fund will co-operate with the existing Jayhawk China fund, a long/ short China portfolio set up in 1997 by Kent McCarthy. The $60m Jayhawk fund was designed specifically for US taxpayers. Both funds will feed into a master fund, the China Hedge Fund.
'China is an ideal place for running a long/short hedge fund,' said Chris Ruffle, a co-manager of the fund, 'as there is a declining state-owned sector and an exciting high growth