(May 9, 2012, Beijing, China) China International Capital Corporation Hong Kong Asset Management Limited (“CICCHKAM”), a subsidiary of China International Capital Corporation Limited (“CICC”), and Sloane Robinson announced today a collaboration to develop, manage and distribute an absolute return focused fund which will invest within the Greater China region.

The collaboration reflects both the rising strategic importance of China in the international financial markets and the parties’ confidence in the investment opportunity in the Greater China region.  It also demonstrates CICC’s vision to bridge the world with roots in China, build the future with innovative ideas and realize the internationalization strategy going forward. 

The fund is a long biased equity long/short portfolio aimed at capturing market upside return while minimizing risk exposure to the drawdowns typically associated with investments in the Greater China region.  It will combine the proven investment skills of Sloane Robinson and CICC’s China related research abilities and insight into economic, policy, and industrial matters both in China and abroad. Both organizations believe that this assimilation of western and eastern skills and knowledge will provide an exciting opportunity for investors to participate in the long-term economic growth in the Greater China region whilst minimizing the inherent market volatility.

Lucy Miu, Managing Director of CICC, said “CICC is committed to providing the best investment management products and services to our clients, leveraging the merits of CICC’s integrated platform and collaboration with prominent global market participants. Through rigorous due diligence and ongoing risk monitoring, the platform offers a selection of best of breed, value-added financial products of various asset classes and access to Chinese-centric and global investment management solutions. CICC will cooperate with Sloane Robinson on the proposed fund to fulfill such commitment. Given the strong and long-standing relationship between the two firms, we are very excited about this collaboration with Sloane Robinson.”

Mark Leader, Partner of Sloane Robinson, added “As China seeks greater balance between external and internal drivers of growth there will be a significant shift in the economic model pursued.  We expect the result of this to be an improvement in economic sustainability and a broadening of the potential investment opportunities both in and around the region.  Combining Sloane Robinson’s long-standing and considerable Asian investment expertise with CICC’s local insight and knowledge provides us with the ideal platform to deliver a fund focused specifically upon capturing the long-term, sustainable investment opportunities in the Greater China region”.