Hong Kong Family Office Delays Hedge-Fund Plans on Trade Jitters
- JM Enigma will start planned $200 million hedge fund in 2019
- Long-short equity fund had accepted $50 million, is hiring
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JM Enigma, a Hong Kong-headquartered $100 million family office, is postponing the launch of its hedge fund due to market uncertainty caused by trade tensions between China and the U.S.
JM Enigma’s long-short Asia equity fund was expected to start accepting money from external investors later this year but that’s now been pushed out to the middle of 2019, according to Ruzaini Yazid, the family office’s head of origination and structuring.