UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                              (Amendment No.______)


                            Taiwan Greater China Fund
                                (Name of Issuer)

                                     SH BEN
                         (Title of Class of Securities)

                                    874037104
                                  -------------
                                 (CUSIP Number)

                                December 31, 2005
 
             (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule  pursuant to which this Schedule
is filed:

     |X|     Rule 13d-1(b)
     |_|     Rule 13d-1(c)
     |_|     Rule 13d-1(d)



      *The  remainder  of this cover  page  shall be filled out for a  reporting
person's  initial  filing on this  form with  respect  to the  subject  class of
securities,  and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

      The information  required on the remainder of this cover page shall not be
deemed to be "filed"  for the purpose of Section 18 of the  Securities  Exchange
Act of 1934 ("Act") or otherwise  subject to the  liabilities of that section of
the Act but shall be subject to all other  provisions of the Act  (however,  see
the Notes).


CUSIP No. 874037104

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1)     Names of Reporting Persons.
       I.R.S. Identification Nos. of Above Persons (entities only)

       NEWGATE LLP
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2)     Check  the  Appropriate  Box  if  a  Member  of  a  Group     (a)  |_|
       (See Instructions)                                            (b)  |_|

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3)     SEC Use Only

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4)     Citizenship or Place of Organization
 
        MASSACHUSETTS
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     Number of Shares     5)     Sole Voting Power            1,233,728
     Beneficially           ---------------------------------------------------
     Owned by Each        6)     Shared Voting Power          None
     Reporting              ---------------------------------------------------
     Person With          7)     Sole Dispositive Power       1,233,728
                            ---------------------------------------------------
                          8)     Shared Dispositive Power     None

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9)      Aggregate Amount Beneficially Owned by Each Reporting Person

        1,233,728
--------------------------------------------------------------------------------

10)     Check if the Aggregate Amount in Row (9) Excludes
        Certain Shares (See Instructions)                               |_|


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11)     Percent of Class Represented by Amount in Item 9

        6.2%
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12)     Type of Reporting Person (See Instructions)

        IA
--------------------------------------------------------------------------------


ITEM 1.

(A) NAME OF ISSUER     TAIWAN GREATER CHINA FUND


(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICE

                  Bank Tower Room 1001
                  205 Tun Hwa North Road
                  Taipei 105
 
ITEM 2.
 
(A) NAME OF PERSONS FILING
 
         NEWGATE LLP
 
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR IF NONE, RESIDENCE

         One Sound Shore Drive
         Greenwich, CT  06830
 
(C) CITIZENSHIP
 
         USA

(D) TITLE OF CLASS OF SECURITIES
 
         SH BEN
 
(E) CUSIP NUMBER

         874037104
 

ITEM 3.

     If this statement is filed pursuant to rule 240.13d- 1(b), or 240.13d-2(b)
     or  (c),  check  whether  the  person  filing  is  a:

     (a)  |_| Broker or dealer registered under section 15 of the Act (15 U.S.C.
          78c).

     (b)  |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

     (c)  |_| Insurance company as defined in section 3(a)19) of the Act (15
          U.S.C. 78c).

     (d)  |_| Investment Company registered under section 8 of the Investment
          Company Act of 1940 (15 U.S.C. 80a-8).

     (e)  |X| An investment adviser in accordance with 240.13d- 1(b)1)(ii)(E).

     (f)  |_| An employee benefit plan or endowment fund in accordance with
          240.13d-1(b)(1)(ii)(F).


     (g)  |_| A parent holding company or control person in accordance with
          240.13d-1(b)(1)(ii)(G)

     (h)  |_| A savings association as defined in section 3(b) of the Federal
          Deposit Insurance Act (12 U.S.C.  1813).

     (i)  |_| A church plan that is excluded from the definition of an 
          investment company under section 3(c)(14) of the Investment Company
          Act of 1940 (15 U.S.C. 80a-3).

     (j)  |_| Group, in accordance with section 240.13d-1(b)(1)(ii)(J).


ITEM 4.   OWNERSHIP.

         Provide the  following  information  regarding the aggregate number and
         percentage of the class of securities of the issuer identified in Item

         (a)  Amount beneficially owned: 1,233,728

         (b)  Percent of class: 6.2%
 
         (c)  Number  of  shares  as  to  which  the  person  has:

              (i)   Sole power to vote or to direct the vote:   1,233,728

              (ii)  Shared power to vote or to direct the vote:   None

              (iii) Sole power to dispose or to direct the disposition 
                    of:  1,233,728

              (iv)  Shared power to dispose or to direct the disposition 
                    of:  None


ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS


ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
 

ITEM 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
          THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY


ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
 


ITEM 9.  NOTICE OF DISSOLUTION OF GROUP


 
ITEM  10.  CERTIFICATION.

           (a) The following certification shall be included if the statement is
           filed pursuant to ss.240.13d-1(b):

               By signing  below I certify that, to the best of my knowledge and
               belief,  the  securities  referred to above were acquired and are
               held in the ordinary course of business and were not acquired and
               are not held for the purpose of or with the effect of changing or
               influencing  the control of the issuer of the securities and were
               not  acquired  and  are  not  held  in  connection  with  or as a
               participant in any transaction having that purpose or effect.

           (b) The following certification shall be included if the statement is
           filed pursuant to ss.240.13d-1(c):

               By signing  below I certify that, to the best of my knowledge and
               belief,  the  securities  referred to above were not acquired and
               are not held for the purpose of or with the effect of changing or
               influencing  the control of the issuer of the securities and were
               not  acquired  and  are  not  held  in  connection  with  or as a
               participant in any transaction having that purpose or effect.



                                    SIGNATURE

           After reasonable inquiry and to the best of my knowledge and  belief,
           I certify that  the information set forth in this  statement is true,
           complete and correct.


                                    Dated:    January 26, 2006

 
                                    Signature: /s/ Sonia Rosenbaum, Ph.D.
                                               -----------------------------

                                    Name:  Sonia Rosenbaum, Ph.D.
 
                                    Title: Managing Partner