Dragons' Den's judge's firm launches China fund

Insynergy Investment Management, chaired by Dragons' Den judge James Caan, is launching a China fund.

The Insynergy Absolute China fund will launch in mid-April under Michael Lai, who also runs the Greater China Equity hedge fund at GAM. Lai's hedge fund made 156.98% since launching in mid-2006, compared to 49.96% from the MSCI Zhong Hua index. Insynergy's Dublin-domiciled Ucits III fund targets returns of 20% to 25% annually across the market cycle, and will be capped at $250m. It will be long biased and invest primarily in securities issued by companies with either assets in, or revenues derived from, mainland China and Hong Kong. Lai will also be able to sell short using deri...