Red Kite Provides Update on Development of Investment Platform

LONDON, HONG KONG and SYDNEY, Australia, April 17 /PRNewswire/ -- Red Kite
Management Limited today announced that it is in the final stages of launching
a new product under the name Hong Feng Zheng (the Chinese translation for Red
Kite). The Hong Kong-based investment advisor and manager to this new fund,
HFZ Capital Management Limited, will trade a number of strategies across both
futures and equity markets, with a particular focus on opportunities present
in the Asian region.
Separately, Red Kite announced that it also is launching its Red Kite
Explorer fund, which will work with mining companies in structuring mezzanine
finance and metal off-take agreements. The fund will be managed by Red Kite
Australia Pty Ltd, which is based in Sydney.
In connection with the new Hong Feng Zheng fund, the Hong Kong Securities
and Futures Commission has granted HFZ Capital Management Limited a license to
conduct Type 9, asset management, activities. Red Kite Australia Pty Ltd is
regulated by the Australian Securities and Investments Commission as an
authorised representative (no. 323824) of an Australian financial services
licensee.
As a result of a long-standing commercial relationship between the two
entities, the Maike Group has supported Red Kite in the formation of HFZ
Capital Management Limited by providing assistance in staffing. The two
companies share the objective of eventually developing one of the first joint
ventures between a Western asset management group and a Chinese company within
the commodities space.
Red Kite noted that the planned launches of the Hong Feng Zheng and Red
Kite Explorer funds represent important new steps by the group to develop its
investment platform by expanding its presence in mine finance, natural
resource equities and derivatives trade within the Asian time zone.
About Red Kite Management Limited
Red Kite manages a diversified group of investment strategies specific to
the industrial and precious metals markets. Red Kite's team of experienced
professionals draw upon proprietary information flows sourced through the
group's operation of a significant physical metals business. Red Kite operates
across the global metals industry from offices in London, New York, Hamilton,
Hong Kong and Sydney.
Contact:
Todd Fogarty
Kekst and Company Incorporated
Tel: 212-521-4854
Mobile: 917-992-1170
todd-fogarty@kekst.com

SOURCE Red Kite Management Limited

Todd Fogarty of Kekst and Company Incorporated, +1-212-521-4854, or mobile,
+1-917-992-1170, todd-fogarty@kekst.com, for Red Kite Management Limited