APS AM to sign bigger tie-up after Rothschild deal

Having announced a strategic alliance with Rothschild Asset Management this week, Singapore’s APS Asset Management also has a larger tie-up in the works, AsianInvestor can reveal. Such agreements are a way for smaller investment boutiques to expand their business more cheaply than via acquisitions or organic growth, said Wong Kok Hoi, APS’s founder and chief investment officer. He declined to reveal the name of the imminent partner, saying only that it was a large Asian institut…