LHG Capital surpasses $1 billion in assets under management and raises China Macro Fund fees to 25%

HONG KONG, HONG KONG SAR, Jan. 17, 2023 /EINPresswire.com/ — After record inflows in 2022, macro hedge fund LHG Capital Management (LHG) just surpassed $1 billion in assets under management (AUM) and grew further consolidating its position as one of the largest pure-play global macro hedge funds in Asia Pacific. Due to strong demand, the company’s management team announced plans in January to increase the performance fee on its USD-denominated China macro fund from 20% to 25%.

The hedge fund firm’s China Macro strategy, a niche CTA strategy focused on investing in Chinese futures markets, previously had a hard cap of $200 million for its two blended funds (offshore USD and onshore CNY ). In early January, LHG’s investment committee voted to increase the cap to $350 million. Within two weeks, pent-up investor claims and previous oversubscriptions filled the $150 million gap, taking the firm’s total assets under management to over $1 billion.

The strategy is currently oversubscribed again and closed to external investors.

Launched in February 2021, LH China Opportunities Fund, the strategy’s USD-denominated fund, achieved a record return of 64.7% before fees in 2022, with a maximum loss of -9.89%.

In January, due to strong investor demand, LHG’s management team increased the minimum investment amount of its offshore China fund from US$5 million to US$12 million, effective immediately. Meanwhile, the fund’s performance fee will be raised from 20% to 25% from February 1. The 2% management fee agreement remains unchanged.

Unlike most of its “billion-dollar club” peers, LHG is one of the very few hedge funds to have successfully built fortunes without institutional or fund-of-hedge-fund money. Instead, the company sourced the majority of its wealth from family offices, very high net worth individuals, and private companies.

LHG operates two macro strategies, Diversified Global Macro and China Macro, and invests in a wide range of highly liquid financial instruments across asset classes, currencies and geographies.

About LHG Capital Management
LHG Capital Management is one of the largest hedge funds solely focused on global macro investment strategies in the Asia Pacific region. The company is headquartered in Hong Kong and Zurich and has representative offices in Abu Dhabi, Beijing and Sydney.

LHG’s macro strategies use a top-down, quantitative (quant + fundamental) research-driven process to invest in highly liquid financial instruments across asset classes, currencies and geographies. His multi-process investment approach combines traditional macro fundamental and relative value analysis with modern quantitative analysis powered by supercomputing, machine learning and big data.

Sean Burton
LHG capital management
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Jan 16, 2023 10:47pm |

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