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Threadneedle's outperforming China manager takes career break
by Eugenio Montesano on Oct 17, 2013 at 14:43
Threadneedle has confirmed the departure of Chinese equity fund manager Gigi Chan.
Chan has spent all of her managerial career at the London based firm, beginning as an analyst before becoming a portfolio manager in 2004. She has managed the China Opportunities fund since its launch in March 2007.
Responsibility for the portfolio will fall to Vanessa Donegan, executive director and head of the Asian equities team at Threadneedle.
Donegan is also the portfolio manager of the Threadneedle Asia Retail fund, and will assume the lead manager role for the mirror fund Threadneedle (Lux) Greater China Equities.
Over the three years to the end of September 2013, the £68.7m fund has been one of the best performers in its sector. It has returned 7.75% compared to 1.49% by its MSCI China index benchmark over the same period.
Commenting on Chan’s exit, a Threadneedle spokesperson said: ‘Gigi Chan has decided to leave Threadneedle to take a career break and we wish her well.
The group recently expanded its Asian equities capabilities after hiring five Asian equities managers in Singapore, in a team headed up by Soo Nam Ng.
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