Fortune Trust & Investment Co, which is controlled by Chinese state-run steel conglomerate Shanghai Baosteel Group, holds the remaining 51 percent in Fortune SGAM
Fund Management Co.
The EUR115m private equity fund was launched in 2007 and is part of a family of private equity funds advised by SGAM
, including the SGAM
AI Kantara Morocco and SGAM
AI/SEDCO Emerging Markets Private Equity Fund.
Since 2000, we have been impressed by the team's track record of delivering high quality solutions on time," said Xavier Lorphelin, Partner, SGAM
She founded SGAM
in early 1998 with Mr Percy and John Richards - formerly at Mercury, now Merrill Lynch Investment Management.
The investor syndicate led by SGAM
SEFTI with two of the previous seed investors, Blue Medical Investments and G1J-Ile de France, is committed to invest 2.
4 Long only strategy gross AUM includes all long only funds and managed accounts managed in accordance with a long only strategy, and all SGAM
UK net AUM acquired by GLG on April 3, 2009.
The company said that it has completed the sale of its asset management unit, SGAM
UK to GLG Partners, Inc (GLG).
SHANGHAI, China, June 10 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in securities servicing, has been selected as Overseas Custodian for Fortune SGAM
Fund Management Co's first QDII, entitled the CCB Fortune SG Overseas Growth Equity Fund.
1 million net of tax gain related to the negative goodwill generated from the SGAM
UK acquisition in the second quarter of 2009 (impact was excluded from the calculation of non-GAAP adjusted net income),
The deal would be structured with Agricole's CAAM fund management arm owning 70 percent of a new combined entity, while SocGen's SGAM
division would have 30 percent.
The market for talent management is huge as organisations recognise the benefits it brings in terms of maximising talent, and as a result boosting profits," commented Jerome Crampagne of SGAM
0 million operating loss on a pre- and after-tax basis from SGAM