China Growth Stocks

[derek2000]

HRBN/ABAX.

Interesting observation, Rick.

ABAX is a much more significant fund than Barring, the previous fund working with CEO Yang.

I google ABAX a little. Interesting about the founders' background:

"Abax, which is partly owned by Morgan Stanley (MS.N), was one of the most anticipated Asian hedge fund start-ups of 2007, launching with about $300 million of assets under management.

Its founders included Hsu and Frank Qian, who are both former employees of Chicago-based hedge fund giant Citadel Investment Group LLC and Donald Yang, the former head of Hong Kong and Greater China debt capital markets at Merrill Lynch MER.N."

Also, in 2007:

"THE first start-up independent Asian hedge fund to begin with more than $US1 billion ($1.27 billion) is expected to be launched in coming weeks, sources said, signalling a watershed for the asset class in the region."

http://www.theaustralian.com.au/business/news/abax-hedge-fund-a-milestone-for-asia/story-e6frg90x-1111113082266