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Hua An Fund Will Suffer From Lehman

Filed in archive Private Equity on September 16, 2008

Hua An Fund Management Co. warned today that it could suffer "potentially heavy losses" from bankruptcy of U.S. investment bank Lehman Brothers, according to the Industry Standard.

No numbers were given.

The Hua An Fund is a "qualified domestic institutional investor," or QDII. Hua An Fund Management was the first fund approved to conduct overseas investments under the QDII program. It is one of a dozen funds worth 72.6 billion yuan ($10.6 billion) managed by Shanghai-based Hua'an.

Hua An Fund Suffers From Lehman
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