China hedge funds find sunnier reception at home

China’s hedge fund sector has been described as a sleeping giant, and certainly onshore hedge fund managers appear content to have an extended lie-in. Only a handful plan to branch out overseas in the coming years, say industry executives. The typical route is to set up a Hong Kong office and launch a Caymans-domiciled fund. Among those taking the step are Shanghai’s Infore Capital, which runs Rmb5 billion ($800 million) and gained a licence from the Hong Kong Securities and Fut…