HONG KONG : A leading Chinese hedge fund, High-Flyer Quant, said it has suspended its co-founder and senior executive Xu Jin from work due to his "improper handling of a family matter".
HONG KONG : A leading Chinese hedge fund, High-Flyer Quant, said it has suspended its co-founder and senior executive Xu Jin from work due to his"improper handling of a family matter".
High-Flyer Quant did not immediately respond to an emailed request for comment. The statement did not specify the duration of Xu's suspension. High-Flyer Quant owns two asset management units overseeing combined assets of more than 40 billion yuan currently, according to media reports. The company said in the WeChat post the decision on Xu will not affect the operations of the underlying funds.
High-Flyer, established in 2015, said on its website it relies on mathematics and artificial intelligence for quantitative investments.
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