SHANGHAI : Tianyan Capital has become the latest hedge fund manager in China to limit the size of its quantitative investment business, after the main securities regulator advised bourses to pay attention to the explosive growth of"quant" funds.
"Recently, the company has actively curbed growth in assets under management using various methods, but we think we're still growing too fast," Tianyan said in a statement to clients on Tuesday. Tianyan's decision came days after rival quant fund manager Evolution Asset Management announced it would not launch new quant products this year, and suspended fundraising in some existing funds.
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