Thomson Geer advises HK Hedge Fund in a campaign against AMP Capital

20 November 2015


Thomson Geer has advised a Hong Kong based hedge fund manager, LIM Advisors, in an effective campaign against AMP Capital, manager of the ASX listed Australia China Growth Fund.  The AMP Manager was advised by King Wood Mallesons and Goldman Sachs.

Units in the Australia China Growth Fund have historically traded at a discount to the net asset value of the Fund in the order of 20%. LIM Advisors successfully negotiated with the AMP Fund Manager a series of measures designed to narrow the discount, including a performance review in March 2016, leading up to a vote on the extension of AMP’s investment management contract in July 2016