Gate News message, April 15 — Singapore-based quantitative hedge fund Meridian & Saturn Capital (MS Capital) announced it has secured a $1 billion dedicated investment mandate to trade Chinese equities, with the funds primarily sourced from a Middle Eastern sovereign wealth fund. The agreement includes provisions for additional capital injections if MS Capital meets preset performance benchmarks.
The mandate represents one of the largest allocations to date from Middle Eastern sovereign funds into Chinese quantitative strategies, reflecting growing interest as regional volatility rises and AI-driven tools enhance performance. MS Capital, which manages approximately $1.5 billion in assets including an initial $500 million from Middle Eastern clients, is in talks with other regional funds and plans to open offices in Abu Dhabi, Hong Kong, and the U.S.
MS Capital is controlled by Jude Zhu, who holds an MBA from the University of Chicago and founded Shanghai-based Meridian Global Inc. in 2013. Meridian Global manages around 7 billion yuan ($1 billion) domestically. Zhu’s fintech firm Leap Technologies provides T+0 trading algorithms designed to capture intraday price movements; CEO Kate Zhang noted the AI-driven system has generated annualized returns exceeding 10% for clients’ equity holdings.
MS Capital’s market-neutral strategy returned 10.3% in 2025 and 6.2% through February 28, 2026, compared to an estimated 18% gain for China’s CSI 300 benchmark in 2025. Zhang highlighted surging global investor interest, with the firm delivering five presentations at a Morgan Stanley conference in the Middle East in February—far exceeding the one or two sessions typical for other large managers.
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