Bank of China is planning to launch a fund to invest in hedge funds, the latest sign of keen interest in the alternative investment industry from the world's third-largest economy.
The fund of funds, the first from a Chinese company, will be launched next year, according to people familiar with the situation, and will be offered via Bank of China Suisse, the Geneva-based private banking operation established by BoC in November last year.
The fund is in the early stages of development and has not yet received regulatory approval from Swiss authorities. BoC declined to comment.
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