Pinpoint Asset Management (Pinpoint; ), is a Chinese hedge fund management firm headquartered in Hong Kong with its other main office based in Shanghai. It is one of the earliest hedge funds established in Mainland China.
Background
Pinpoint was founded in 1999 by Wang Qiang and Sunny Li. It originally grew out of a Shanghai-based wealth management business that ran managed accounts for friends and family that invested in the China equities market.[3][4][5]
As the accounts grew, Pinpoint received increased investor demand for a China long/short equity fund. In 2005, it launched its first fund, the Pinpoint China Fund. At the time there were only 10 mainland Chinese-owned hedge funds. The funding came from the offshore assets of high-net-worth individual with 60% living in China and the rest living in the United States, New Zealand, Hong Kong and Australia.[3]