Investment firms and entrepreneurs throughout the U.S. have begun shifting focus to China. Jason Boyer, Brett McGonegal, Bradford Ainslie and Uwe Parpart, four former Cantor Fitzgerald managing directors, recently left the New York-based firm to join forces with Reorient Financial Markets Ltd., an asset manager under China’s Assets Supervision and Administration Commission.
In an interview, McGonegal said “it’s the marriage of a Chinese stated-owned enterprise with a government mandate combined with a Western distribution platform.”