Launches & Closures

CICC eyes alliances with global managers

by

Lucy Miu
CICC Hong Kong Asset Management Limited (CICC HKAM), the Hong Kong-based asset management subsidiary of China International Capital Corporation (CICC), is making a push to create an Asian asset management platform that will pursue partnerships with established global and regional fund managers. Its first product, a China-focused hedge fund that CICC HKAM is jointly developing with UK’s Sloane Robinson, will launch in July. The high-profile launch also signals an attempt by Sloane Robinson, one of the oldest and most well regarded Asia-focused hedge fund shops, to expand its reach in Asia.

The joint