Blair Pickerell has left JF Asset Management to establish his own Hong Kong-based company that will continue his work of developing China s mutual fund industry. He has several financial backers whom he declined to name but characterized as Hong Kong-based independent parties, all of whom are keen to build a fund management business in China.
He left JF on December 14th amid an organization reshuffle and started operations at his new company, Capital Holdings, on the 16th. Capital Holdings seeks to invest in operating companies on the mainland, with an emphasis on the domestic mutual fund business.
Pickerell says he has already made one offer. Under Chinese law, Capital Holdings...
