Performance

LBN Advisers sees assets jump to $450 million

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Assets under management at Hong Kong-based/Cayman-registered LBN Advisers reached $450 million in May 2011 as the firm continued to generate new subscriptions from investors for its two China-focused funds.

The firm’s CEO and COO, Benjamin Chang, says the figure is $50 million higher from where it was at the start of the year.

The group’s flagship fund, the LBN China+ Opportunity Fund, now has assets of $240 million, bringing it nearly halfway through its targeted $500 million full-capacity. The group’s second fund – its long-only China equity strategy, the Strategic China Panda Fund – now manages $210 million.

The second