Hedge Fund Coatue Seeks as Much as $2 Billion for Asia Strategy

Coatue Management is raising as much as $2 billion for a new fund that will invest in public and private companies in Asia, including China where recent regulatory interventions have wiped off more than a trillion in stock value.

Coatue’s investments will focus on technology, consumer and other companies based in or with significant operations in China and the rest of Asia, according to terms seen by Bloomberg News. The company planned to have the first close last month for the fund.

Beijing’s scrutiny over industries from e-commerce and ride-hailing to food delivery and after-school tutoring at one point wiped ...