Hong Kong-based Foundation Asset Management received authorisation from the Securities and Futures Commission (SFC) to sell its Foundation China Equity Fund in the special administrative region.
It is the first SFC-authorised fund Foundation AM has brought to market.
Our sister publication Fund Selector Asia sought more information about the fund’a strategy and Foundation AM’s business plan, but received no reply ahead of publication.
The firm, which managed $200m (£153m, €172.5m) in global assets as at the end of September 2016, has two products available to professional investors: the Foundation China Opportunity Fund, and the USD Assets Income + Growth Fund, according to its website.
The China-focused fund is an equity long/short product launched in 2006, while the other fund is a multi-strategy product that invests primarily in the US markets.
The firm also runs independent managed accounts.
Foundation AM has a team of 11 people, with an average of 20 years of experience, the website added. It was founded by Michael Liang, who is also the chief investment officer.
The firm has licences for both asset management (Type 9) and advising on securities (Type 4), according to SFC records.
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