Thursday, 26 March 2015
Last updated 6 min ago
Dec 12 2007 | 9:34am ET
Five months after announcing its initial foray into the hedge fund space, Asia Alternative Asset Partners, an emerging hedge fund manager shop, has teamed up with Iveagh Ltd., a London-based multi-strategy shop.
In the new partnership, Iveagh will be responsible for building an investment management team and developing the process for the selection of new managers. The new team will continue the firm’s focus on seeding Asian and emerging markets managers.
In addition, Iveagh, whose current funds under management total some $800 million, has agreed to become a cornerstone investor in Triple A Partners’ new seeding fund, which will close its initial capital raising with approximately US$150 million of assets on Dec. 31. The capital will be used to seed up to eight new managers and a secondary closing of a similar amount will be held in the second half of 2008.
Paul Ross, CEO of Iveagh, said: “Triple A Partners’ significant Asian presence and expertise will provide a powerful boost to our plans for accessing and investing in new seeding opportunities in the dynamic Asian market.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…