Chinese alternative investment specialist Marco Polo Pure Asset Management has promoted Alan Landau to fill the new role of president of the firm.

Before joining Marco Polo, Mr. Landau was a securities attorney at the international law firm, Cleary Gottlieb Steen & Hamilton, in its New York and Hong Kong offices.

Marco PoloÆs management team is made up of four partners, including Aaron Boesky, Alan Landau, Stuart Leckie, a former chairman of Fidelity Investments in Asia Pacific, and Chris Tang, a former PricewaterhouseCoopers auditor in Hong Kong. She is additionally in charge of the Marco Polo research team.

Marco Polo Pure Asset Management was founded in 2004 and was the first investment manager dedicated solely to investing in the Chinese A share market.
The Marco Polo Pure China Fund has outperformed the index by 20% in the last two years net of fees and has generated a net return of 130%. It claims to have been the first non-Chinese shareholders in 40 Chinese companies.

Marco PoloÆs funds have approximately US$200 million in assets under management. Marco Polo Pure Asset ManagementÆs affiliates operate out of offices located in Central, Hong Kong and Pudong, Shanghai.

Marco Polo Pure China Fund won AsiainInvestorÆs award fopr best China hedge fund in 2007.