Searches and Hires

Old Mutual Global Investors hires Ping An to subadvise China equity fund

Old Mutual Global Investors hired Ping An of China Asset Management (Hong Kong) to subadvise the $71.5 million Old Mutual China Equity Fund, effective March 23, confirmed Paco Lee, a Hong Kong-based spokesman for OMGI.

Warren Tonkinson, managing director of OMGI, said in a news release that the fund's investors will benefit from having one of the deepest specialist Chinese asset managers oversee the fund.

Mr. Lee said Josh Crabb, OMGI's Hong Kong-based head of Asian equities, had managed the fund following the departure of its previous fund manager, Diamond Lee, in July 2016. Mr. Crabb will continue to manage OMGI's $431 million A-shares equity income fund and its $190 million Pacific equity fund.

Vincent Che and Eddie Lau, senior portfolio managers at Ping An Asset Management, will manage the fund now.