Shanghai-based Citic Securities International Fund Management has rolled out a RMB fixed income/FX hedge fund, Hedge Funds Review reports. The CSI RMB Fund focuses on foreign exchange and fixed income.

The fund, which was seeded by Citic Securities with $5 million and has since risen to $6 million, may also carry out credit default swaps to limit credit exposure. HSBC Securities Services and HSBC Prime Services have been appointed to provide fund administration, valuation and prime services to the offering.

Click here for the story from Hedge Fund Review.