The firm believes there are opportunities for selling private funds in the Greater Bay Area.
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The firm believes there are opportunities for selling private funds in the Greater Bay Area.
Among them, Nomura AM has had its first onshore fund authorised by the Asset Management Association of China (Amac).
Following its competitors, the firm has received approval for its debut local fund for sale via the private fund management (PFM) channel.
UBS AM, Value Partners and Winton Capital have had more onshore products approved for launch via the private fund management (PFM) channel.
A senior China appointment signals that the firm may be coming off the sidelines to follow competitors, who have already launched multiple funds onshore.
The alternatives specialist and the Switzerland-based asset manager have gained approval to sell products in China.
The asset manager’s WFOE taps into domestic demand for China fixed income.
The New York-based hedge fund manager will be competing against other foreign managers that have launched quantitative products in China.
The New York-based hedge fund now has six months to launch an onshore product in China.
After launching three private fund management (PFM) products in May this year, Schroders has added another, timing it with expected foreign capital inflows.
Part of the Mark Allen Group.