Gottex strikes landmark deal with China's VStone

Gottex Fund Management has partnered with Shanghai-based VStone in a deal that represents the first acquisition of a stake in a mainland sunshine trust manager by a foreign firm. The Swiss fund of hedge funds has entered into a joint-venture with the Chinese firm that will see Gottex take an undisclosed minority holding in the sunshine fund company. The partnership will also provide Gottex with a distribution channel in the mainland, while facilitating access to the China onshor…