Mergers & Acquisitions / Joint Ventures

APS takes over Martin Currie's $2.7 billion Greater China portfolio


Singapore-based hedge fund firm APS Asset Management has struck an alliance with Edinburgh-based Martin Currie that will allow it by November to undertake, on a delegated basis, the management of the latter's $2.7 billion Greater China and China 'A' share mandates.

The strategic partnership between the two China investment specialists was formed after Martin Currie severed a five-year relationship with partners based in China who have been managing the portfolio.                     

The $2.7 billion Greater China portfolio, which is invested mostly in China A shares and Taiwan equity, has been managed by Heartland Capital Management Limited (HCML), a joint venture