Mergers & Acquisitions / Joint Ventures

Gottex readies acquisition of $434m Penjing


Max Gottschalk
Ronnie Wu
Gottex Fund Management may have haemorrhaged more than 17% of its funds of funds assets in 2011, but the listed business is in expansion mode and Asia has been its prime target since Max Gottschalk, now chief executive officer of Gottex Asia, moved to the region.

Gottex, which has $7.6 billion in fee-earning assets, is set to buy $434 million Hong Kong-based Penjing Asset Management and enthrone Ronnie Wu as chief investment officer of the regional business. “Gottex provides a global institutional asset management platform with strong investment