Hao Dong, a former commodity portfolio manager at Singapore sovereign wealth fund GIC, is preparing to launch Windrise Capital, a new hedge fund focused on commodities and other global markets, with plans to raise between $200m and $300m, according to a report by Bloomberg. The new fund received in-principle approval from the Monetary Authority of Singapore earlier this month and is targeting a…
Former GIC trader Hao Dong is set to launch Windrise Capital, a new commodity-focused hedge fund, with a target of raising between $200m and $300m, according to Bloomberg. The fund, which received in-principle approval from Singapore's Monetary Authority earlier this month, is scheduled to launch in the first quarter of 2027. Dong, who previously worked at Edesia Asset Management and Chinese investment firms, plans to utilize data on Chinese mines and factories to identify economic trends and guide investment decisions.
Windrise will focus on commodities but will also trade currencies, bonds, and equities, with up to 30% of the portfolio potentially allocated to Chinese commodity futures.
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