But the US firm noted that it has “management control” over the joint venture.

But the US firm noted that it has “management control” over the joint venture.
Singapore-based APS Asset Management has decided to liquidate their non-China funds, as 90% of its AUM are in China-related strategies.
Other alternative asset managers have also established their presence in China.
The US firm had a joint venture with Ping An, which ended in 2015.
Domestic fund managers are still launching more products despite the Wuhan coronavirus outbreak in the country.
A number of fund managers have continued to launch thematic products in Asia.
Other offshore players that have a private equity business in China include Hong Kong-based Value Partners.
In total, UBS Asset Management has 10 private funds sold in the mainland.
Hong Kong investors seem to be betting that the markets will recover this year from the US-China trade tensions and coronavirus impact.
Historical data suggests that epidemics do not impact markets long-term.
Part of the Mark Allen Group.