Everest Capital today opened a Shanghai research office to increase the Chinese presence of its Singapore-based pan-Asian research team. Director Xu Yun will head the new office, reporting to Shi Ming Lei, managing director of China Research, and Matthieu Vermersch, senior managing director for Asia, both based in Singapore.
Prior to joining Everest Capital, Xu served as a portfolio manager at China Securities Co. in Shanghai and previously worked as an auditor for Ernst & Young in China.
Marko Dimitrijević, Everest Capital founder and chief investment officer, said, “China is the most important story we may see in our lifetime. The challenge is to understand the macroeconomic scenario and find the companies best suited to gain from China’s broader growth.”
Everest Capital, with more than $2 billion AUM, is currently investing about half of its assets in Asia, where the firm manages three dedicated strategies: Everest Capital Asia, Everest Capital China Opportunity and Everest Capital Japan Opportunity. The strategies invest primarily in equities and opportunistically in debt, currencies and commodities, in long and short positions. The Asia and China strategies allocate between developed and emerging markets.