Hong Kong-based asset management firm OP Investment Management Ltd. (OPIM) says it plans to invest up to US$250 million in emerging onshore Chinese hedge fund managers to help them expand businesses offshore, according to a company announcement.
OPIM will partner with parent Oriental Patron Financial Group (OPFG), a Hong Kong asset manager, to raise capital and invest in early stage regional emerging hedge fund managers who have built their track record on its platform.
The program will be especially beneficial to onshore Chinese managers looking to expand their strategy offshore, where they will have unrestricted access to global instruments whilst maintaining their edge in China research.
"Believe it or not, the China-focused asset management...
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