AD Capital Management is a Hong Kong-based, China-focused equity long/short hedge fund established in 2004. The fund was set up by Tat AuYeung, a global market veteran of 26 years who has been focused on the China market since 2000. The firm's objective is to provide investors access to the China equity market via low-volatility funds with capital protection. The firm manages two funds; The AD Greater China Alpha Fund and the AD China Opportunity Fund. The funds primarily invest in H-Shares.