Gottex-Penjing deal creates major allocator in Asia

Thu May 17, 2012

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Max Gottschalk
Swiss alternative investment firm Gottex Fund Management is acquiring Hong Kong-based fund of hedge funds Penjing Asset Management - a move that will create one of the more significant fund of hedge funds players in the region.

The $434 million in assets under management at Penjing will boost Gottex's allocation to Asian hedge funds to about $800 million. Gottex itself manages at least $7.6 billion in assets...

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