Zurich-headquartered GAM Investments has formed a tie-up with Hong Kong’s Sun Hung Kai & Co.
GAM Investments and Sun Hung Kai (SHK) & Co have formed a strategic alliance, according to a statement, effective August 1.
«We are delighted to partner with SHK & Co, a market-leading firm established in 1969, known for its local market presence, alternative investing expertise and wealth management solutions,» commented GAM group CEO Elmar Zumbuehl. «This alliance reinforces our commitment to the region and enhances our ability to serve our clients with distinctive and award-winning investment solutions.»
Fund Distribution
As part of the strategic alliance, Sun Hung Kai Capital Partners – the licensed subsidiary of SHK & Co – will drive the distribution and servicing of GAM’s funds across Greater China.
To ensure a seamless transition, SHK & Co will utilize GAM’s operational processes, systems and local Hong Kong talent in the business.
Expanded Product Offering
In addition, the alliance will build on GAM’s existing product offering of high conviction equity, specialist fixed income, multi-asset, sustainable and alternative investment solutions capabilities. These products will be available to wholesale, family offices and institutional channels.
GAM and SHK & Co will also collaborate to co-develop innovative, alternative and portfolio-diversifying product solutions for both local and international clients.
Alts Specialist
Established in 1969, SHK & Co is a Hong Kong-based financial institution specializing in alternative investments and wealth management. It has built a diversified investment portfolio across public markets, credit and alternative strategies including real estate and private equity. As of 31 December 2023, the group held about HK$41 billion ($5.3 billion) in total assets.
Although it shares the name and heritage of renowned local real estate giant Sun Hung Kai Properties, the two are separate entities with different shareholders and management.