Breaking News from Gate, April 15 — Singapore-based quantitative hedge fund Meridian & Saturn Capital (MS Capital) announced that it has secured a dedicated investment mandate of $1 billion for trading Chinese stocks. The funds primarily come from a Middle Eastern sovereign wealth fund. The agreement also includes a clause: if MS Capital reaches a preset performance benchmark, additional capital injections will be made. This mandate is one of the largest allocations from a Middle Eastern sovereign fund to Chinese quantitative strategies to date, reflecting growing interest amid regional volatility and the enhanced performance driven by AI-powered tools. MS Capital manages approximately $1.5 billion in assets, including an initial $500 million from Middle Eastern clients. The firm is in talks with other regional funds and plans to open offices in Abu Dhabi, Hong Kong, and the United States.
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