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Value Partners targets turnaround of KBC Goldstate

Joe Marsh
Hong Kong-based Value Partners' CEO sees its purchase of a stake in the Chinese fund house as a springboard for its mainland business, but acknowledges the challenges it faces.
Value Partners targets turnaround of KBC Goldstate

Sino-foreign asset management joint ventures pose big challenges, particularly for the minority - , foreign partner. But at least the deal announced yesterday by Hong Kong’s Value Partners will unite two fund houses with closer ties than in many other mainland fund JVs.

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