According to the NY Times' Dealbook Sunwah International of China says it is planning to buy two funds from the troubled British hedge fund firm RAB Capital, which recently decided to delist itself.
The Chinese company also said on Monday that it was also in talks to buy an 80 percent stake in PCE Investors, a British fund management business regulated by the Financial Services Authority, which would provide a platform for hedge fund investments. If completed, the deals would represent the first such moves by a Chinese firm into London.
Sunwah, a financial services firm listed in Toronto but conducting most of its operations in Hong Kong, began as a merchant bank and broker-dealer. But it has been expanding into hedge funds and private equity.
Read more at http://dealbook.nytimes.com/2011/06/28/chinas-sunwah-looks-to-buy-2-london-hedge-funds/
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