Talent drain still an issue in China despite landmark launch

This week the first Chinese mutual fund house owned by individuals registered its licence, raising hopes that more investment veterans will make similar moves rather than setting up private fund firms, which can only sell to wealthy investors. But there are several reasons why the flow of star managers from the retail mutual fund sector to the private fund sector is likely to continue, said Liu Shichen, analyst at Shanghai-based consultancy Z-Ben Advisors. Huian Fund Management …