UK Hedgie Hopkins Launches Emerging Markets Platform

Aug 4 2011 | 8:05am ET

Simon Hopkins, founder of UK-based hedge fund investor Fortune Asset Management, has a new venture: a Singapore-based emerging markets investment platform.

The Milltrust International Group will focus on Asia, Africa and Latin America and is poised to launch a range of institutionally-focused, managed accounts-based funds, drawing on the expertise of established local asset managers. The group will also focus on developing world private equity.

"Our research shows that international investors are looking for locally-based asset management talent as they increase their holdings in the parts of the world that will offer the best growth prospects over the next decade", said Hopkins."Western institutions are still woefully underinvested in emerging markets" he said."This is against a backdrop of low growth and fiscal deficits in the West which will last a generation.”

Hopkins, who sold Fortune Asset Management to Close Brothers in 2006, has assembled a team that includes Louis-Armand de Rougé, former CEO of France’s Richcourt Fund Advisors; and Mark Ebert, former chairman of Fortune Group. The advisory board includes David Suratgar, chairman of BMCE Bank International; Robert Sargent, former CEO and long-term veteran of Morgan Stanley Asset Management International; and Singapore-based Christopher Chong, founder of ACH Investments.

Milltrust has also acquired the UK-based investment advisory firm Think Alternative Advisors, run by Alexander Kalis and Eric Anderson, both of whom will continue to work with the new owners.

Milltrust says it will announce its partner firms in India, China and Latin America in the coming months. The managed account platform is supported by InfraHedge and State Street, and seed capital is being made available by a regional asset consultant.

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