Launches & Closures

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


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 firm called Top Ace Asset Management, which is seeking a licence to operate in Hong Kong.

Wang left CAMC early this year, 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.