Kelusa Capital Group, a New York–based manager backed by Julian Robertson, is seeking to boost the size of its China hedge fund almost five times to $250 million, Bloomberg reports. The Kelusa Capital China fund currently manages about $55 million.

The fund is managed by Kenton Leo. The fund will initially focus on preserving capital and later on invest when the market panic subsides over the next 18 to 24 months. It seeks to purchase shares in companies that are at all-time low valuations such as container shipping firms.

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