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10/11/2022 Source:  Afr
Author: Matthew Cranston 1 min read

Washington insiders launch Quad fund to take on China

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A group of Washington insiders will launch a fund to invest mainly in companies from the Quadrilateral Security Dialogue (Quad) countries in a bid to counter China’s dominance in critical minerals, pharmaceuticals, military technologies and supply chains.

The fund, with the backing of the White House, will raise more than $US1 billion ($1.6 billion) in its initial stage and is being advised by some of America’s top investors and diplomats, including private fund manager Kyle Bass and former DocuSign chief executive Keith Krach, a former under-secretary of state for economic growth.

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