30-07-2025
Hedge Fund Carrhae Plans $700 Million Strategy That Shuns China
Carrhae Capital is preparing to carve out a long-only money pool that eliminates all exposure to China, driven by demand from some US investors who have changed benchmarks to exclude the country from their portfolios.
The emerging markets hedge fund firm will launch the strategy in September with a target of about $700 million carved out from its long-only emerging markets fund, according to people with knowledge of the plan. Some investors from the $2 billion Carrhae Capital Long Fund strategy will move to the new money pool with the firm in talks to raise additional cash for both the funds that bet on rising stocks, the people said asking not to be identified because the details are private.
