WhoÆs backing Blair?

What Hong Kong-based private equity group is bankrolling ex-JF Asset Management supremo Blair Pickerell''s new initiative?

Blair Pickerell, who recently left Jardine Fleming Asset Management to establish Capital Holdings, a vehicle to invest in the Mainland mutual funds industry, has revealed that his financial backers are Hong Kong-based private equity firm UCL Asia.

Toby Brown, one of UCL's partners, says its support has provided Capital Holdings with a $25 million balance sheet, making it one of the city's best capitalized fund companies. He says UCL is in discussions with other institutions in the...

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