Chris Ruffle Plans New China Fund After Leaving Martin Currie
This article is for subscribers only.
Chris Ruffle, who co-managed the best emerging market hedge fund last year according to Hedge Funds Review, plans a new China offering after he parted company with Martin Currie Ltd. today following an investigation into a conflict of interest.
Heartland Capital Management Ltd., in which Ruffle holds a 70 percent stake and Ke Shifeng the remainder, will in early November acquire Martin Currie’s interest in a China joint venture between the companies, Ruffle said by phone from San Francisco. Ruffle, 52, said Ke will join him at the firm that will include Martin Currie’s team of 12 analysts in Shanghai.