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Russell sells stake in Ping An JV with eye on WFOE

Toby Yiu
Russell Investment Management has sold its stake in the private manager joint venture it ran with the Ping An group. The move reflects growing disenchantment over JVs as Western fund houses gravitate to WFOEs.
Russell sells stake in Ping An JV with eye on WFOE

The break-up of another Chinese-foreign joint venture this week has highlighted the difficulties fund houses have in maintaining such partnerships.

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