Private Investment Vehicles

FM First China Fund

We’re always looking for innovative ways to offer our clients broader investment options, and are committed to building global relationships as our world is getting more connected. In this select opportunity, First Manhattan serves as the investment adviser to two private funds that invest in mainland China-focused, publicly traded companies.

We coordinate with two companies to deliver these funds, one based in Hong Kong and the other based in mainland China, offering them the resources and operational infrastructure of First Manhattan. Adam Schwartz, a Senior Managing Director at First Manhattan, is co-Portfolio Manager of the Funds, along with Xiang “Sean” Huang, who leads the advisory and research efforts of these companies with the support of a local team of analysts and associates in cities across China.

Leveraging our research-intensive investment philosophy, the team employs a long-term, bottom-up, value-oriented approach to identify undervalued and misunderstood companies that either derive a majority of their assets from or maintain a majority of their assets in mainland China.