Mergers & Acquisitions / Joint Ventures

Sloane Robinson strikes alliance with CICC, eyes long/short China fund

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UK-based Asia and emerging markets specialist Sloane Robinson is forging an alliance with one of China’s biggest investment banks, China International Capital Corporation (CICC), in Hong Kong to expand its alternative investing footprint across the region.

The partnership could become one of the biggest offshore tie-ups between a mainland based firm and a global asset company aimed at building presence in the alternative investment space in Asia.   Chinese banks have become aggressive private banking players in Hong Kong, servicing high-net-worth Chinese mainland customers holding significant offshore accounts in Hong Kong.   It is understood that the investment management group of CICC is