Fosun buys majority stake in boutique asset management firm Tenax Capital

Fosun buys majority stake in boutique asset management firm Tenax Capital

Billionaire Guo Guangchang, chairman and co-founder of Fosun International Ltd., looks on ahead of a news conference in Hong Kong, China, on Thursday, Aug. 31, 2017. Photographer: Paul Yeung/Bloomberg

Fosun International, the Chinese retail-to-drugs conglomerate backed by billionaire Guo Guangchang, has acquired a majority stake in London-based boutique asset management firm Tenax Capital for an undisclosed amount.