Launches & Closures

Farallon spinoff ChinaRock embarks on Greater China fund

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ChinaRock Capital Management, a spin off from Tom Steyer's San Francisco-based Farallon Capital Management, is understood to be readying the launch of a Greater China fund. The firm has up to now been running a managed account for Farallon Capital according to market sources. The strategy is expected to be rolled out in the third quarter of 2009.

The team behind ChinaRock comprises Chun Ding, Herb Chi, Joyce Lai and Kelvin Koo, among others. Chun, the chief portfolio manager and a key member of the founding team, was a long time employee at Farallon. Before joining the firm