Fullerton Fund Management, the Singapore-based asset manager backed by state investor Temasek, has sharply reduced its onshore China private fund operations, according to a report by Reuters, marking a retrenchment after years of struggling to achieve scale in the market.
The firm has cut its China-based private fund team from nearly 20 staff last year to fewer than five, and has begun liquidating its China-focused hedge fund and private fund products. Fund association records show that three of...
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