Thursday, 27 November 2014
Last updated 1 day ago
Apr 19 2011 | 1:28am ET
Hong Kong hedge fund Samena Capital has entered a joint-venture with Reyl & Cie that will see its hedge fund seeding business combined with the Swiss private bank's "wealth and asset management expertise."
Reyl is buying 50% of Samena's Asia Managers seeding business. The deal will see the firms pooling their resources to expand seeding activity, develop infrastructure, run managed accounts and develop bespoke products, the two firms said.
"Samena Capital provides Reyl & Cie with an ideal platform to further their ambitons of penetrating the [India, Asia, Middle East and North Africa] region," Samena Capital's chairman, V-Nee Yeh, said. "In return, Reyl & Cie offers Samena Capital extensive knowledge in mutual fund management and European distribution with strong emphasis on best-in-class processes and compliance, as well as investment expertise that originates from four decades advising European clients."
Samena, which currently has about US$400 million in assets under management, is currently raising its second special situations fund.
Nov 4 2014 | 9:45am ET
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