Benzinga | Feb 2, 2021 08:02AM EST

ATIF Holdings Reports Completed Filing Of Its ATIF-1 Private Fund, Has Officially Launched Asset Mgmt. Business

ATIF Holdings Limited (NASDAQ:ATIF, &nbsp, the &quot, Group&quot, , &quot, ATIF&quot, or &quot, we&quot, ))), a holding group providing business and financial consulting in Asia and North America, announced its wholly owned subsidiary, ATIF Inc. had completed the filing of a private fund named ATIF-1, L.P. (the "ATIF-1") with the U.S. Securities and Exchange Commission (SEC) on January 27, 2021.

The first batch of ATIF-1 is planned to amount to US$50 million and is managed by ATIF-1 GP, LLC, a Delaware registered Limited Liability Corporation. The investment strategies of ATIF-1 GP, LLC is long/short trading strategy to maximize the return on investment, focusing on three main categories of investments: well-qualified U.S. stocks, US-listed Chinese stocks and Chinese IPOs.

Mr. Pishan Chi, Chief Executive Officer and Director of ATIF, commented, "We are pleased that our subsidiary ATIF Inc. has completed the filing of our first private fund, which represents the official launch of our asset management business. With the launch of asset management business, we will initiate new client relationships and assist investors to navigate successfully in the potentially volatile markets. We are very confident that 2021 will be a year of rapid growth for ATIF Inc."