Bank of China to launch fund of funds

Date: Thursday, September 10, 2009
Author: FTalphaville.com

Bank of China is planning to launch a fund to invest in hedge funds, the latest sign of keen Chinese interest in the alternative investment industry. The new fund of funds will be launched next year and will be offered via Bank of China Suisse, the Geneva-based private banking operation established by BoC last November. However, the fund is yet to gain Swiss regulatory approval.