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Wealth advisor cuts coverage of China hedge funds
February 2, 2010
Having been researching China hedge funds since 2004, Singapore-based research firm GFIA has redeemed its discretionary holdings of mainland-run managers, apart from "a small handful of, in effect, western firms" in Shanghai. It has largely shifted its coverage to western-trained managers based in Hong Kong.
Despite finding some good and operationally sound managers, GFIA says it has also failed more Chinese managers at the due-diligence level than any other sub-group in its global universe.
It has also had to redeem two discretionary holdings of China managers after red flags were raised in its monitoring process, says the firm in its monthly Research Insights report, published yesterday.
Original Posting At: AsianInvestor
Additional Posting At: BusinessWeek
Despite finding some good and operationally sound managers, GFIA says it has also failed more Chinese managers at the due-diligence level than any other sub-group in its global universe.
It has also had to redeem two discretionary holdings of China managers after red flags were raised in its monitoring process, says the firm in its monthly Research Insights report, published yesterday.
Original Posting At: AsianInvestor
Additional Posting At: BusinessWeek
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