Hedge fund specialist moves to China role at UBS

James Hong replaces Fu Teh-hsiu as head of UBS Asset Management''s Greater China business.

UBS Global Asset Management has appointed James Hong as chairman of its Greater China business, filling the vacancy from Fu Teh-hsiu's departure in November. Hong, like his predecessor, will report to Tokyo-based head of asset management for Asia Pacific Kai Sotorp.

Fu left to become managing director at new Sino-foreign asset management joint venture AIG Huatai Fund Management in Shanghai.

Hong previously ran the firm's alternative investment strategies group in Hong Kong, essentially a fund of hedge funds, and he will continue to run the Asian alternative and quantitative business, the focus of which is on hedge funds. A UBS spokesman says the expanded role is possible because the Asian alternative...

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