Group 1 - Fullerton Fund Management, a subsidiary of Temasek Holdings, is gradually shutting down its private equity fund operations in China, including an 8-year-old hedge fund division [1] - The hedge fund division had recently stated that the Chinese stock market was becoming increasingly attractive for investors due to economic improvement, policy support, and appealing valuations [1] - The company has closed its Shanghai hedge fund division and most operations of another private equity fund, resulting in significant layoffs of onshore employees [1] Group 2 - Fullerton is part of the Seviora Group, an asset management company under Temasek, and plans to maintain its business presence in China [1] - Fullerton emphasized that China remains an important market for the company and is focusing resources on areas that best support its clients and investment portfolios [1] - According to the Asset Management Association of China, Fullerton Investment Management (Shanghai) was established in 2017 and manages assets of less than 500 million RMB, with a workforce of 5 full-time employees [1]