News

Wellington Management granted QDLP status in China

Chinese dragonGlobal asset manager Wellington Management has secured qualified domestic limited partner (QDLP) status for its China-based subsidiary. Wellington Global Private Fund Management (Shanghai) has been registered as a QDLP private fund manager with the Asset Management Association of China. Scott Geary, senior managing director and head of client group for Asia Pacific at Wellington hailed the news as a “critical milestone” in the firm’s expansion plans in China. “China is a key growth market worldwide, with long-term potential for the firm – and is an integral part of our global and Asia strategy,” said Geary. The award of QDLP status comes just weeks after Wellington launched a number of funds in Hong Kong targetting retail investors. © 2022 funds global asia

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