D.E. Shaw in China Fund Tie-Up

David Nealis President of Blue Bridge

D.E. Shaw in China Fund Tie-Up

D.E. Shaw and Company, one of the world's largest hedge funds, is teaming up with its local

Hong Kong partner to launch the first RMB denominated private equity fund for the legendary Wall Street firm. Which many analysts believe signals international capital inflows into China are continuing despite growing concerns about the country's economic outlook. According to a South China Morning Post report, D.E. Shaw is working with Hong Kong-based Ascendent Capital to launch the RMB-denominated fund, which aims to initially raise around RMB500 Million (US$79.5 million).

Seems like Hong Kong is the place to be these days.