ABN AMRO ups stake in China fund-management JV

ABN AMRO Asset Management teams up with Northern Trust and Tianjin TEDA in a China fund management joint venture.

ABN AMRO Asset Management announced Tuesday May 9 that it will increase its stake in its China fund management joint venture, while adding a new partner û Tianjin TEDA Holdings.

ABN AMRO Asset Management's move is straightforward. It has boosted its stake in its China fund management joint venture by taking up a 16% stake held by Xiangcai Securities. This brings ABN AMROÆs interest in the joint venture to 49%, the maximum threshold foreign investors are allowed to take...

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