The Principal Financial Group says its Asian arm has acquired Hong Kong-based Dao Heng Fund Management Limited (DHFM) from Guoco Group for an undisclosed sum. DHFM, a wholly owned subsidiary of Guoco, was incorporated in 1981. It services includes Mandatory Provident Fund (MPF) and Occupational Retirement Schemes Ordinance (ORSO) funds, as well as managing mutual funds and institutional assets, and provides third party distribution for other asset management companies.
Principal Buys Hong Kong Fund Manager And Distributor Dao Heng
The Principal Financial Group says its Asian arm has acquired Hong Kong based Dao Heng Fund Management Limited (DHFM) from Guoco Group for an undisclosed sum. DHFM, a wholly owned subsidiary of Guoco, was incorporated in 1981. It services includes
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