Monday, 25 July 2016
Last updated 2 days ago
Nov 6 2013 | 10:36am ET
Fund of hedge funds Gottex Fund Management will join forces with a Chinese firm to expand its foothold in the region.
The Swiss firm will set up a joint venture with VStone Asset Management. The deal will allow Gottex to both invest and raise money in the region, it said.
"Our objective is to build out Gottex capability in China and to be able to provide our investors access to China's onshore markets across equity, fixed-income and private equity," Gottex co-founder Max Gottschalk told Reuters.
The VStone deal is Gottex's second j.v. in Asia this year; last month, it struck a hedge-fund seeding arrangement with Hong Kong-based Headland Strategic.