Former GIC trader targets $300m for new commodity-focused fund launch
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…
Hao Dong, a former commodity portfolio manager at Singapore's GIC sovereign wealth fund, is set to launch Windrise Capital, a new hedge fund targeting commodities and other global markets. Bloomberg reports that the fund aims to raise between $200 million and $300 million for its inaugural launch in the first quarter of 2027. Dong, 37, intends to utilize data on Chinese mines, metal smelters, factories, and warehouses to identify shifts in economic activity and guide the fund's investment decisions.
Although commodities will be the primary focus, Windrise will also trade currencies, bonds, and equities. Up to 30% of the portfolio could be allocated to Chinese commodity futures. Dong's foray into the industry began at Edesia Asset Management, the hedge fund division of commodities firm Louis Dreyfus Company. Prior to that, he worked at Shenzhen Kaifeng Investment and Shanghai Chaos Investment Group, both Chinese investment firms established by prominent commodity trader Ge Weidong.
The fund's founding team also comprises Kewei Yang, a former managing director for global macro at Tairen Capital, and Dapeng Chen, a former metals strategist at Zijin Mining Group, a Chinese gold and copper producer.
Written by urgent.news from Hedgeweek's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
