GROW Investment Group, a China-based investment firm backed by Julius Baer Group and Navigator Global Investments, is looking to raise $50 million to buy stakes in domestic hedge fund managers.
GROW Investment Group, a China-based investment firm backed by Julius Baer Group and Navigator Global Investments, is looking to raise $50 million to buy stakes in domestic hedge fund managers.
William Ma, global chief investment officer of Shanghai-headquartered GROW, is looking to raise the money as early as Q4 this year, according to a report by Bloomberg.
GROW sees considerable growth and expansion of hedge funds in China, the world’s second largest economy. The firm is now in talks with domestic and international investors who are either seeking stable cash flows from such investments, or hoping to capitalize on the growth prospects of Chinese hedge funds, Ma said.
