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Chinese wealth manager GROW targets M&A for AUM growth

Shanghai-based wealth manager GROW Investment Group (GROW) is targeting several asset manager acquisitions in China this year, aiming for double-digit AUM growth. “Market uncertainties have been driving the trend of consolidation of small-to-medium size asset managers, and we are looking at acquiring, either the whole firm, or attracting those portfolio managers with unique funds strategy, to join the firm,” William…

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