Lingjun Capital has secured over $300 million from overseas investors. It has obtained investment from the Southeast Asian sovereign wealth fund’s chairwoman and founder, a US institutional investor and several Southeast Asian clients. As published in a report by Reuters, ‘Chinese quantitative hedge fund Lingjun investment has secured more than $300m from international investors as it resumes fundraising following a two-year suspension prompted by regulatory sanctions’.
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Lingjun is also targeting Middle East investors, as international appetite for Chinese strategies is supported by artificial intelligence and improved performance. Lingjun is also expanding its reach into the Middle East to grow international interest in Chinese quantitative investment strategies, which is fuelled by advances in artificial intelligence and stronger investment performance.
Lingjun Capital, founded by Cai Meijie in 2014, has a Hong Kong unit and has managed about 100 billion yuan, making it one of China’s four largest quant managers. The company has also been discussed in relation to a $150 million investment from a Southeast Asian sovereign wealth fund and investment strategies for Middle Eastern Investors.
