ChinaAMC denies report of regulatory probe

China Asset Management has denied that its large-cap select fund is being investigated by the domestic securities regulator, as was reported yesterday by Chinese-language publication Caixin, quoting an unnamed source. The Beijing-based fund house yesterday told AsianInvestor it is not under investigation. The fund was run by star portfolio manager Wang Yawei from 2005 to 2012. He was known for buying stocks that went on to surge because of subsequent mergers. He left the company…