JF updates Huaan relationship in PRC

Blair Pickerell, chairman, JF Funds, discusses the recent declaration between JF and Shanghai''s Huaan Fund Management to form a joint-venture asset management company once China joins the World Trade Organization.

FinanceAsia How long has this relationship been going on

Blair Pickerell We have been trolling for partners in China for six years. The first domestic fund management companies were only established three years ago. We eventually settled on Huaan Fund Management, partly because we felt it was the best one, but more importantly because we felt they had a culture similar to ours. We signed a technical cooperation agreement with them last August.

We have been assisting them but what's also helped this relationship is that the authorities have a good impression of Huaan's management. Huaan was the first fund company given permission to launch an open-ended mutual fund, so this has made...

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