Pictet switches managers on China fund

Pictet has removed Lan Wang Simond from its $321m (£200m) Greater China fund, replacing her with Pauline Dan and David Chen.

The duo, based in Hong Kong, took over the fund on January 14 after joining Pictet in 2012. Ms Simond continues to run a number of long-short Chinese equity portfolios as well as the Pictet Total Return Mandarin fund.

The Luxembourg-based Pictet Greater China fund gained 24.2 per cent in the five years to January 16, beating the IMA China/Greater China sector average of 22.9 per cent but lagging its benchmark, the MSCI Golden Dragon index, which rose 32.4 per cent.

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