Secretive summer launch for PCA, a sovereign wealth-backed China fund

A shroud of secrecy envelops a new hedge fund launch that is planned for early summer. We can reveal that the name of this new firm is PCA, and it will be headquartered in Beijing and Hong Kong, where it will run a Greater China strategy and is targeted to launch with $500 million. What makes this fund especially interesting is that it is understood to be sovereign wealth-backed. We can’t say for sure which sovereign wealth fund it is, but all the pointers are that it will be Chin…