Veritas to roll out long/short China fund next month

Veritas Asset Management is launching a long/short China fund at the start of October.

The Ucits III vehicle targets annual returns of 15%-20% by investing predominantly in stocks listed in China and Hong Kong. Veritas China will be run by Ezra Sun and will sit alongside the group’s existing Asian strategies, including the Veritas Asian fund and the Real Return Asian fund. The fund, which will have capacity of up to $500m – will focus on social, political, economic, cultural and technological themes and will have an emphasis on investing in companies with dividend yield and earnings momentum. “We have always seen China as one of our core competences at Veritas,” Sun ...