South River Asset Management, a London-based specialist asset management company, has launched following a management-backed acquisition of Peterhouse Asset Management by Zhejiang Zhongnan UK (ZZ UK) from Peterhouse Corporate Finance.
ZZ UK, a subsidiary of Chinese conglomerate Zhejiang Zhongnan Holdings Group, have acquired both Peterhouse Asset Management and Peterhouse (Capital) Guernsey.
The businesses have been renamed South River Asset Management and South River (Guernsey) reflecting the location of Zhejiang Zhongnan on the Qiantang River in Zhejiang Province while the new logo represents the link between east and west.
The boutique investment business will use its existing platform to offer a range of specialist mandates to investors.
Funds offered at launch by South River include the group’s gold and precious metals fund, managed by a director of ZZ UK and senior fund manager at South River Amanda Van Dyke.
South River has approximately $100 million (€81.6 million) in assets under management.
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