Nomura AM’s China JV tipped to spark trend

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. Japan’s Nomura Asset Management has set up a 50/50 joint venture with Shenzhen Hua Xia Ren He Capital Management to conduct private fund business in the Qianhai economic zone in Shenzhen. The city has granted a licence to the JV to sponsor and manage a qualified foreign limited partner (Q…