As Vincent Lai has resigned as the portfolio manager of The Taiwan Fund, the fund's investment advisor, HSBC Asset Management, has appointed Alan Huang to act as the fund's lead portfolio manager. Jovi Chen will continue to serve as deputy fund manager.

HSBC would only say that Lai is pursuing other interests.

Copyright 2003 Thomson Media Inc. All Rights Reserved.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.