TechFlow news, on August 12, Hong Kong-listed company Xinhuo Technology announced that it has entered into a framework agreement for asset management services with its actual controller Li Lin, to provide asset management services for his affiliated funds, including ABCDE Fund, New World Fund, New Era Fund, and MS Fund, with management fees ranging between 1% and 2%.
The announcement revealed that as of June 30 this year, the total assets under management (AUM) of ABCDE Fund amounted to $40 million, with Li Lin holding a 31.25% interest; the AUM of New World Fund was $20 million, with Li Lin holding a 50.00% interest; the AUM of MS Fund was $18.1 million, with Li Lin holding a 96.13% interest.
According to RootData, ABCDE has made a cumulative total of 32 portfolio investments, leading 12 projects, covering Bitlayer, bitSmiley, Surf Protocol, UTXO Stack, among others.
