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Frank Yao
Green Court Capital Management
Managing Partner and Senior Portfolio Manager

Biography

26 Years of industry experience
11 Years with Neuberger Berman
Yulin (Frank) Yao is Managing Partner and Senior Portfolio Manager at Green Court Capital Management. Prior to founding the firm, he was Vice Chairman of Asia and Managing Director at Neuberger Berman (“NB”) and Senior Portfolio Manager for the NB Greater China Investment Team, originally joining NB in 2008. Previously, he was a Managing Director and Senior Portfolio Manager at Avenue Capital where he was responsible for directing the investment activities of the Avenue Greater China Equity Funds. From 2004 to 2007, he was an Executive Vice President and Chief Investment Officer at Hua An Fund Management where he managed a team of over 40 investment professionals with overall responsibility for investment, research and trading for RMB 50 billion (or US$7 billion) assets. Frank also played a leading role, along with Lehman Brothers, in designing, launching and managing the Hua An International Balanced Fund, China’s first QDII investment fund. He helped triple the firm’s assets under management during the period. From 2002 to 2004, Frank worked for Berens Capital, a New York based hedge fund investment firm, where he was responsible for portfolio construction, quantitative analysis and risk management. From 1999 to 2001, Frank developed and managed a quantitative equity portfolio at Alpha Asset Management. From 1996 to 1999, Frank conducted global asset allocation and risk management at Goldman Sachs and from 1993 to 1996 helped build the mortgage backed securities analytics for Dow Jones (formerly Telerate), all in the US.

Frank was a member of the Standing Committee of the Chinese People’s Political Consultative Conference (CPPCC) in Shanghai Pudong from 2006 to 2017. He used to sit on the QDII Expert Committee for China Securities Regulatory Commission (CSRC). He was also a member of the Financial Market Expert Group for PBOC (PRC’s central bank) from 2005 to 2007. Frank received an MBA in Finance in 1998 from the Stern School of Business at New York University, where he was honored as a Stern Scholar. He conducted Ph.D studies in Engineering at Columbia University, earned an MS from Georgia Institute of Technology and a BS from Fudan University.