A new China-focused hedge fund is coming from a former Blue Ridge Capital managing director

<p><img src="https://static3.businessinsider.com/image/51880792ecad04e67300000c-1000/shutterstock111796313.jpg" border="0" alt="beijing skyline" data-mce-source="Shutterstock"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>After more than a decade at billionaire John Griffin's Blue Ridge Capital and a few years off, Eric Wong is launching his own hedge fund.</p><p>The portfolio manager, who is in the early stages of launching the fund, will focus on investing in China, according to sources. Wong lived in Beijing while working for Griffin, according to his LinkedIn, as well as New York.&nbsp;</p><p>He worked for Griffin from 2007 to 2018, reaching the title of managing director. Prior to Blue Ridge, Wong spent three years as an analyst for Morgan Stanley in Hong Kong. Wong declined to comment when reached by Insider.&nbsp;</p><p>China-focused funds are in demand, as the country <a href="https://www.reuters.com/article/us-china-economy-investment/china-expands-investment-scope-for-foreign-investors-under-combined-scheme-idUSKCN26G1ZM">allowed for more foreign investment</a> in the region via private funds at the end of last year. US-based managers like Bridgewater, BlackRock, and Two Sigma have registered in the country to offer private funds.&nbsp;</p><p>Blue Ridge, which managed $12 billion at its peak in 2013,&nbsp;returned outside capital in late 2017, averaging <a href="https://www.reuters.com/article/us-hedgefunds-blueridge/tiger-cub-griffin-shuts-his-blue-ridge-hedge-fund-after-21-years-idUSKBN1E92RK">annual returns of more than 15%</a> over two decades.</p><p>It's unclear if Griffin will back Wong's new fund, as the billionaire could not be reached by Insider.&nbsp;</p><p>Griffin was one of the original Tiger Cubs, spin-off firms from billionaire Julian Robertson's Tiger Management, so Wong will become a part of the larger Tiger <a href="https://www.businessinsider.com/billionaire-julian-robertsons-tiger-network-spans-hundreds-of-funds-2019-11">family tree</a>. There's already been an addition this year to the tree when former Lone Pine managing Paul Eisenstein announced the <a href="https://www.businessinsider.com/braidwell-new-healthcare-fund-alex-karnal-brian-kreiter-private-markets-2021-3">creation of his new firm</a>, Vetamer Capital.&nbsp;</p><p>Blue Ridge doesn't have as many spin-offs as Tiger Cubs like Viking Global or Lone Pine, but Griffin's former employees have started some well-known funds. Roberto Mignone's Bridge Capital and Rick Gerson's Falcon Edge Capital both stand out, and Angela Aldrich, the founder of Bayberry Capital, was a part of the Sohn Conference's "<a href="https://www.businessinsider.com/sohn-conference-founders-next-wave-hedge-fund-talent-2019-4">Next Wave</a>" of managers a few years ago.</p><p>Most of the funds in the Tiger tree are based in the US but there is still a notable presence in Asia. The most famous Asia-focused Tiger Cub was back in the news recently <a href="https://www.businessinsider.com/sec-action-bill-hwang-archegos-implosion-experts-say-13fs-swaps-2021-3">thanks to the implosion</a> of Bill Hwang's family office Archegos. Hwang had run Tiger Asia for years after working for Robertson before closing his fund after he pled guilty to insider trading.&nbsp;</p><p><a href="https://www.businessinsider.com/eric-wong-china-hedge-fund-blue-ridge-capital-tiger-cub-2021-4#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/melissa-maker-clean-your-home-quickly-cleaning-expert-2017-4">A cleaning expert reveals her 3-step method for cleaning your entire home quickly</a></p>
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