How Amac is cutting China's private funds down to size

Singer Hu Haiquan, one half of Chinese soft-rock duo Yu Quan, proudly updated his Weibo followers on April 27 with the results of his fund industry examination. Having passed China’s first mandatory new exam for private-sector investment managers and senior executives, Hu is now a fully registered private equity fund operator.  Whether that means private equity managers are the new rock stars or vice versa is an open question, but it does underline the extent to which Chinese regu…