Kuark Capital Launches $400 Million Asia Tech-themed Hedge Fund

BlockBeats News, May 19th - According to Reuters, three sources familiar with the matter revealed that a Hong Kong-based fund management company is planning to launch a new hedge fund to capitalize on growing investor interest in Asian artificial intelligence stocks, with a focus on the Greater China, Taiwan, and Japan markets.

Kuark Capital, led by Kyle Su, has already raised at least $400 million for the hedge fund ahead of its official launch. One of the sources mentioned that all three insiders requested anonymity as they were not authorized to speak to the media.