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 Greater China region about additional investments into the new vehicle.

UCL's strategy is to pinpoint uniquely talented individuals who can execute a business plan and create the financial structure to support them.'...

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