Italian firm Azimut has set up a joint venture with CMT Holdings to start asset management and advisory operations in Hong Kong and China, Asian Investor reports. An Zhong Investment Management is 65% owned by Azimut, while 35% is held by the Hong Kong investment management firm.

The venture’s investment facilities will extend to Azimut’s prevailing funds family and new RMB-denominated assets. The partnership will initially concentrate locally on nearly 10 funds investing in commodities, European equities and emerging markets and a global macro fund.

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