Fund launches & closures Wrappers / Structures

Galaxy teams with Merchant for China UCITS

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Hong Kong-based Galaxy Asset Management is partnering with London-based UCITS III platform provider Merchant Capital to launch a UCITS version of its Galaxy China Opportunities long/short equity, special situations and arbitrage fund.

Subject to regulatory approval, the UCITS fund is expected to launch in July, with a target of approximately $500 million in assets under management. The fund will initially be aimed at institutional and high net-worth investors in Europe and Asia.

The fund will be based on Galaxy's flagship Cayman-domiciled Galaxy China Opportunities Fund, which invests in the Greater China markets of mainland China, Hong Kong and Taiwan and