Gam’s China equity star Mok leaves for EFG
Swiss firm’s Chinese equity manager leaves to set up institutional fund at rival company.
Gam’s £843.2m Star China fund manager Mansfield Mok is to join rival Swiss firm EFG Asset Management.
Mr Mok runs the Gam Star China Equity fund alongside lead manager Michael Lai, and is also part of the team behind the £20.3m Gam Star Asian Equity and £115.4m Gam Star Asia-Pacific Equity funds.
The manager joined Gam in August 2007 from Munich Re, and has also worked for Hoare Govett as a mid-cap analyst and ING Barings in Hong Kong.
A spokesperson for Gam said Mr Mok’s responsibilities would be “absorbed” into the rest of the team, which includes new hire Kevin Chan, who joined the Chinese equity team at the end of March from Hong Kong-based Chater Capital Advisors. The company confirmed there would be no further changes to the management of the fund.
A spokesperson for EFG AM said the firm would seek to launch a Chinese equity mutual fund for institutional investors when Mr Mok joins in July.
The Gam Star China Equity fund ranked second in the IMA China/Greater China sector over three years to May 4 according to Morningstar, posting a 64.1 per cent return compared with the sector’s 30 per cent average gain.