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Samsung Asset Management, Edmond de Rothschild enter strategic alliance

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Samsung Asset Management, Edmond de Rothschild enter strategic alliance

Samsung AssetManagement Co. Ltd. entered into a strategic alliance withEdmond de Rothschild (Suisse)SA.

Under the terms of the agreement, Samsung Asset Management willutilize Edmond de Rothschild Asset Management's expertise in European equitiesand corporate debt, according to an April 28 release.

The South Korean firm will launch a European high-dividendfund toward the end of the second quarter with Edmond de Rothschild AssetManagement acting as fund adviser.

Samsung Asset Management will distribute Edmond deRothschild Asset Management's European convertible bond fund in South Korea.Both companies are also in talks for establishing an Asian equity fund.