Xingtai readies China consumer hedge strategy

Xingtai Capital plans to launch a China long/short equity hedge fund solely focused on the mainland consumer sector with a capacity of $500 million. Hong Kong-based Xingtai, founded by former Lunar Capital executive Michelle Leung, has been running the strategy under a Ucits IV structure.  Sources say it launched in May with $30 million, and has annualised returns of over 12% as of the end of October. The firm plans to expand the offering to include a Cayman Islands vehicle in e…