Citic Securities makes asset-management foray

When Tina So and Ye Xiang announced the launch of their new Greater China-focused hedge fund company, VisionGain Capital, they said a mainland financial institution would take a 19% strategic stake.Citic Securities International (CSI) has been revealed as the investor. Hong Kong-based officials at CSI say their firm is keen to expand into asset management. Taking a stake in VisionGain represents the opening gambit.CSI was jointly established in 2006 by the mainlandÆs Citic Securities …