Launched in 2005, AD Greater China Directional Fund is a long short equity hedge fund that aims to capitalize on the long-term positive trend in China using short to long-term trading strategies in liquid names with high emphasis on short-term trading when needed to minimize volatility risk. The Fund is structured to capture upward swings while minimizing downward swings to a small percentage of that of the overall market through strong exposure management. The Fund seeks to take advantage of market inefficiencies triggered by catalysts such as news, research, flows and policy. Our China-dedicated team uses its specialist knowledge of local markets, capital flows, access to local and international brokers and research analysts and real-time connectivity with Mainland news sources to identify opportunities. The Fund offers both unleveraged and leveraged classes. The same team also manages the AD China Opportunity Fund, an absolute return seeking fund. As of January 2014, AUM is not disclosed.