Mergers & Acquisitions / Joint Ventures

JPMorgan JV with Shanghai International Trust to launch private placement funds

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A subsidiary of a joint venture between JP Morgan Asset Management and Shanghai International Trust has received a Type 9 license from the Hong Kong’s Securities and Futures Commission.

Hank Chen, the CEO of CIFM Asset Management (Hong Kong) Limited, told AsiaHedge that they are looking to launch a fund for professional investors early next year, but are still consulting potential clients as to what type of fund to launch. It is crucial, he says, that investors’ opinions are solicited, given the uncertain market situation.

Chen says that the consultation may take a few months, during which they