Hedge-fund startup bets big on T-bills with China funds

Washington

TUCKED alongside the rumbling I-95 highway overpass that spans the Norwalk River in Connecticut, about an hour's drive from Manhattan, is a small office building in the distinctive shape of an octagram.

Inside, you'll find the usual hotchpotch of homegrown businesses: a marine-parts supplier, a local newspaper, a U-Haul rental facility, and so on. But up on the third floor, in suite 3G, one of China's financial heavyweights has quietly teamed up with a star Wall Street bond trader to make big bets in the US Treasury market.