Hiring five-strong Chinese equities team
Investment manager Neuberger Berman has expanded its China equity capabilities by hiring Bin Yu as portfolio manager, who also brings with him four research analysts from CloudRidge Capital.
Yu founded CloudRidge Capital in 2014 and along with the team will continue to manage his current strategy as a private fund, while potentially expanding the offering in response to client needs.
Located in Hong Kong and Beijing, the team bring strong local expertise of China’s equity markets, both with local listed A-shares and Hong Kong listed H-shares.
Their long-term, high conviction, value-oriented investment approach is grounded in fundamental research and looks to capitalise on sustainable trends.
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Prior to founding CloudRidge, Yu worked for the China Investment Corporation, where he was head of the $10bn global equity team and a senior portfolio manager co-running three portfolios.
Prior to that, he worked for Eagle Capital Management in New York, where he helped manage a $7bn long-only US equity portfolio for institutional investors.
Commenting on his new role, Yu said: “I am excited to join Neuberger Berman as Chinese equities become increasingly integrated in global investors’ portfolios.
“My team and I have worked to build our institutional investment process and record, and as we approach our three-year anniversary we look forward to joining a firm with the depth and resources of Neuberger Berman.”
Joseph Amato, President and CIO for equities, at Neuberger Berman, added: “We are excited about extending our investment capabilities in China—a large and increasingly important equity market.
“Bin’s long-term, high conviction, value-oriented investment approach is grounded in fundamental research and we expect him to be a great fit in the Neuberger Berman culture.”