Nomura AM’s China JV tipped to spark trend
The Japanese asset manager has set up a private equity joint venture, which may stimulate competition between Shenzhen and Shanghai and herald more such deals, said Z-Ben Advisors.
While Chinese mutual fund joint ventures seem to be losing their lustre – with both BNY Mellon and State Street Global Advisors seen exiting theirs – private fund JVs look to be a rising trend.
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