European seeding platform IMQubator has teamed with Eliza Lau’s Hong Kong-based Synergy Fund Management to source and seed Asia-Pacific hedge fund managers.
Focusing on China and Japan, the two firms will form a mutual business development advisory, with SFM sourcing managers and providing expertise on Asian hedge funds while IMQ advises SFM on seeding and accelerating hedge fund managers.
Said Jeroen Tielman, CEO and founder of IMQ, in a statement: “In essence, the premise of the mutual advisory is to explore the possibility of a joint activity in seeding and accelerating emerging hedge fund managers based in Asia. We believe Asia has myriad opportunities for establishing a seeding platform accommodating emerging manager talents; in particular we are expecting to see some quite exceptional emerging managers from China in the coming years.”
Tielman says he expects to see a “swathe” of managers spinning out of larger asset management firms or prop. desks in the next 12 months.
Said Lau, the former CEO and CIO of SAIL Advisors, “We see a broad spectrum of hedge fund strategies with Asian emerging manager candidates. As the China market orderly opening up the alternative investment platform in the coming years, we see greater opportunity and many good talents with strategies in the CTA and commodity trading space given the advanced and highly active commodity exchanges in China.”
IMQubator is backed by APG, the asset manager for Dutch pensions giant Stichting Pensioenfonds ABP. Synergy Fund Management was established in 2010 by Lau, together with her team that had previously worked together in the fund of hedge funds arm of Search Investment Group in Hong Kong.