Launches & Closures

City Financial, UBP plan for Asian comeback


Asia is preparing itself for a comeback in both the markets and assets, topics that will be addressed at the AsiaHedge Forum in Hong Kong next March. Capitalising on the regional boom, City Financial, a UK asset manager, has launched the City Financial Asian Absolute Growth Fund. City Financial was known for a long time in the UK's more retail-orientated independent financial adviser circles, but its first foray into the Asian fund of funds market is primarily targeted at institutional investors.

Despite some consolidation, new entrants into the fund of funds space face competition from firms with established