Iveagh Joins Triple A To Seed Asian Hedge Fund Managers

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.”


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note