Top China Quant Fund Punished for Poor Conduct Against Peers
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A top Chinese quantitative hedge fund was ordered to halt new product launches after poor behavior by employees against its peers, as regulators tighten oversight amid intensifying competition.
Shanghai Minghong Investment Management Co. will be barred from registering new products for three months, the Asset Management Association of China said in a Sept. 29 notice on its website. The association publicly condemned the fund after two of its employees wrote negative comments on its peers on social media.