Somerset hires ex-RWC head of China Min Chen

Will launch China fund for UK investors in 2021

Somerset Capital Management has hired former head of China at RWC Partners Min Chen and will launch a China fund into the UK market next year, as it mulls opening an office in China.

Chen joins Somerset alongside analyst Lilian Tai from Dymon Asia and will take the Prospect View China fund to the firm. Chen had joined Dymon Asia in 2018, after leaving RWC having worked there since 2015. He joined from hedge fund Everest Capital, where he was managing director and worked with Tai. The Prospect fund is domiciled in the Cayman Islands and available for Asian and US investors, but Somerset said it would launch at least one fund for UK and European investors for Chen. Somerset CM profits fall 25% and AUM slips 20% Chen will continue to manage the fund alongside S...