Mainland broker teams with IFA for hedge fund

Guangfa (GF) Securities in Guangzhou, one of China's top-10 largest brokerages, and Hong Kong-based independent financial advisor Nobel Apex Advisors have teamed up to launch a China long/short equities hedge fund. The joint advisory arrangement amalgamates local Chinese expertise with international investment practices, says Chan Moufung, managing director at Noble Apex and director to the new fund. The Caymans-domiciled AAM China Fund, which is not authorized by the Hong Kong …