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April 03, 2019  

Hong Kong Shop Pitches Crypto Fund

An arbitrage-focused cryptocurrency manager is marketing a fund to Chinese investors.In its first six months of trading, Parallel Capital of Hong Kong generated a 47% return through February. The fund currently runs about $5 million of friends-and-family money.Parallel founder Sandra Wu is hoping to attract investors in China with an unusual fee structure. Limited partners who sign up for a founders share class would pay no management fee, but...

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