Old Mutual Global Investors (OMGI) Asian Equities Team has received regulatory approval to operate from their Hong Kong office, marking the first establishment of the company’s fund management capabilities in the continent.
The Asian Equities Team was hired in autumn 2014 and consists of four members: Josh Crabb, Diamond Lee, Kris Whitlock and Dmitry Lapidus.
The managers run three funds: the Old Mutual Asian Equity fund and the Old Mutual Pacific Equity fund which are managed by Josh Crabb, who joined in October 2014 and the Old Mutual Greater China Equity Fund, managed by Diamond Lee, who joined the business in November 2014. The team now manages $500m (€462.6m) in the region.
Old Mutual Global Investors, and its predecessors, have had a presence in Hong Kong for over 10 years. The business has expanded its Asian operations significantly in the last eighteen months, including the appointment of Carol Wong as head of Distribution Asia in November 2013 and Simon MacKinnon as Asia Strategy Adviser, in February 2015. Old Mutual Global Investors also has a strong relationship with Capital Gateway, its Master Agent in Taiwan.