New Firm Galileo Plans Slew Of Launches

Jan 25 2010 | 9:18am ET

A pair of money management veterans has founded a new alternative investment firm with plans to launch a series of funds over the next six months.

London- and Hong Kong-based Galileo Capital Management aims to offer three or four bespoke alternative asset funds over the period. The firm’s focus will be on under-invested business sectors in Greater China.

“We have identified a number of investment strategies in niche areas offering a low correlation to markets that are still significantly untapped,” Paul Thompson, co-founder of the new firm, said. “Our expertise in structuring and launching investment funds will enable us to bring these strategies to market quickly and effectively.”

Thompson comes to Galileo after a stint as head of Prudential’s asset management joint-venture in China—he was the first foreign CEO of a Chinese asset management company. Before joining Prudential, he worked at Goldman Sachs. His partner, Anders Jacobsen, has worked at Chase Manhattan and Bankers Trust, and has run his own Galileo Consulting firm since 2004.

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