EDINBURGH, Scotland (HedgeWorld.com)–Martin Currie Investment Management Ltd. plans to launch a new China-based hedge fund, the Jayhawk China Fund, under the umbrella of the Martin Currie Absolute Return Funds, a spokesman said.
Chris Ruffle, who studied Chinese at Oxford and Japanese at Sheffield, will manage the Jayhawk fund, according to Ross Leckie, director of communications for the firm’s headquarters in Scotland.
Mr. Leckie also said that Martin Currie has been doing “enormously well” this year. The fiscal year that ended Monday saw Martin Currie bring in “a billion pounds sterling in new business,” much of which is in the far east but, “its all over, it depends on the account, the mandate.” Martin Currie, he said is having “a great year, we’re hiring people–not letting people go.”