Fullerton Investment Management (Shanghai), a unit of Temasek-owned Fullerton Fund Management, has rolled out its first private fund in China.
The new vehicle, called Fullerton Absolute Return China A Strategy Series 1 Private Fund, mainly invests in China A stocks.
The fund is being managed by the investment team of Fullerton Shanghai, and distributed by brokerage China Galaxy Securities.
Fullerton CEO Jenny Sofian said: “China is a long-term growth and strategic market for Fullerton and we are delighted that our Shanghai unit has successfully launched its first onshore private fund.
“This reinforces Fullerton’s investment credentials as we seek to offer our investment capabilities to qualified Chinese investors, as well as offer our China investment capabilities to the rest of the world.”
The fund launch comes five months after Fullerton Shanghai secured a private fund management licence from the Asset Management Association of China, enabling the firm to offer onshore investment products to China’s institutional and high net worth investors. Fullerton Shanghai was set up in December 2013.
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By GlobalDataFullerton launched its first China strategy (QFII) in 2006, and established its first foreign representative office in China in 2007. Apart from Shanghai, the firm also has associated offices in London and Tokyo.