Fund launches & closures

Well-regarded ex-CAMC manager to launch own hedge fund

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One of China’s most well-known investment managers, Wang Yangwei, is understood to be launching his own hedge fund focused on Greater China equities in a few months time. Sources say the former deputy manager of China AMC, the largest asset manager in China, has established a new firm called Top Ace Asset Management which is seeking a license to operate in Hong Kong.

Wang left CAMC early this year after having worked there since 1998. He became portfolio manager for China AMC’s Large Cap Select Fund, which reported stellar performances of 154% and 226.24% in 2006 and 2007, respectively.

Sources