Hedge fund seeder FRM Capital Advisors has added Sensato Capital Management to its roster with a $50 million investment.
The San Francisco-based firm was founded last year by former Barclays Global Investors Asian active equity co-heads Ernest Chow and Jonathan Howe. The quantitative long/short equity fund invests across the Asia-Pacific region and began managing outside money in June.
"Ernie and Jonathan's impressive performance at BGI and experience building and managing a strong team are a testament to their calibre and talent," Patric de Gentile-Williams, chief operating officer of FCA, said. "We feel their strategy is well suited for investors looking for returns from Asian markets through a rigorous, relative value approach designed to extract alpha from markets."
Sensato is the second Asia-focused hedge fund made by FCA since it began seeding firms in 2008, and its seventh overall. FCA manages some $9 billion total.