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Hong Kong Hedge Fund Offers 100% Coverage on Losses. For a Fee
A Hong Kong hedge fund is offering to cover 100% of any losses in a bid to attract investors that have been avoiding the sector amid the Covid-19 pandemic. Infini Capital Management Ltd. is gauging investor interest for full loss insurance on a new class of shares in a fund it launched last year. In exchange, the firm would charge a performance fee as high as 50%, more than double the industry standard. Although Infini says the offer isn’t linked to growing tension in Hong Kong sparked by China’s new security law, it shows the extent to which hedge funds are willing to boost enticements to attract fresh money. ... (full story)