Oasis Management Company has agreed to acquire Petrel Capital Management, a Greater China-focussed investment firm, for an undisclosed sum.

Petrel, established in 2015, mainly invests in equities of Hong Kong-listed Chinese firms.

As part of the deal, Petrel founder and CIO Rawen Huang will become head of Greater China strategies at Oasis. In the new role, which is a newly-created one, Huang will report to Oasis CIO Seth Fischer.

“Rawen and I worked closely together from 2012 to 2014 during his time at Oasis, and we are very impressed by what he has built in Petrel Capital. We are excited to welcome him back,’’ Fischer noted.

Huang will also retain the management of the Petrel Greater China Fund, which will now be rebranded as the Oasis Petrel Greater China Fund.

“Seth has been the biggest supporter of me and Petrel Capital since our inception, and I look forward to leading Oasis’s Greater China team and contributing to Oasis’s continued success. I would also like to express our gratitude to Alvin Fan and OP Investment Management for their invaluable partnership during the last three years,” Huang stated.