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Azimut Gains China PFM License

AZ Investment Management (Shanghai) the wholly foreign-owned enterprises of Azimut Group has been granted registration as Private Fund Manager (PFM) by the Asset Management Association of China (AMAC) - a self-regulatory organization that represents the mutual fund industry of China. Azimut is the first Italian independent asset manager and the first among the euro-zone based ones to have obtained the license, assigned to a limited and selected number of international asset managers. The license will allow Azimut’s subsidiary to launch, manage and offer onshore investment products to institutional and high net worth investors (HNWIs) in Mainland China. Azimut Group established its presence...