Comment & Analysis
China woes resulting in capital flight to US
When a new credit hedge fund opened in Mountainside, New Jersey, few would have guessed where much of its funding came from: Chinese billionaire Cai Kui. The Westfield Investment fund, founded by former Goldman Sachs Group managing director Renyuan Gao, managed US$139 million (S$195 million) as of January.
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Click here to read the full story: Straits Times