Sun Hung Kai Capital teams up with GAM Investments to boost business across Greater China
- Sun Hung Kai Capital Partners has formed a strategic partnership with GAM Investments
A subsidiary of Sun Hung Kai & Co (SHK&Co) has teamed up with GAM Investments to manage and distribute GAM’s funds in Greater China, amid rising demand for diversity in financial services.
Sun Hung Kai Capital Partners, a unit of the financial services company founded by the tycoon Fung King-hey, has announced a strategic partnership with GAM.
“This strategic alliance combines our complementary strengths and resources, significantly improving our client service and investment solution capabilities,” said SHK&Co’s deputy CEO Tony Edwards. “Together, we are well-positioned to provide exceptional offerings that cater to the evolving needs of our clients in the region.”
The alliance will launch an alternative wholesale investment product later this year for family offices and institutional investors, Edwards said, without divulging details.
The global market for alternative investments soared to a peak of US$1.71 trillion in 2021, as the era of zero interest rates and cheap funds was drawing to a close, according to data from JPMorgan. The market shrank 25.4 per cent last year from the peak as central banks raised interest rates to rein in inflation. Still, alternative assets are essential to help investors diversify their portfolios and income sources, as well as reduce the volatility in their investments.
