Asian asset manager Value Partners Group has appointed Citi to provide custody, fund administration, and fiduciary services for Value Partners first UCITS fund.
Launched in June 2012, the Value Partners Absolute Greater China Classic Fund, is a sub-fund of Value Partners Ireland Fund plc, a Dublin-domiciled umbrella company regulated by the Central Bank of Ireland.
This UCITS fund provides investors with an opportunity to access the strong growth potential in Greater China at a relatively attractive valuation through a well-recognized, regulated vehicle, said Timothy Tse, CEO of Value Partners. We are confident that Citis global custody network, coupled with its regional expertise and scalable fund services platform will bring added value to our investors”
Value Partners has assets under management of over $7.2 billion.
(JDC)