Friday, 21 October 2016
Last updated 11 hours ago
Mar 31 2008 | 4:57am ET
Hedge fund seeder Asia Alternative Asset Partners has made its second investment in a new manager, committing $25 million to a New York-based pan Asia equity long/short hedge fund.
The vehicle being seeded, Jadeite Capital Asia Pacific Absolute Return Fund, has a nine month track record with returns in excess of 22% since inception. It is being managed by Greg Jones, who was previously with Clay Findlay where he served as a board member and a senior portfolio manager before leaving to set up Jadeite.
“We are delighted to seed Greg Jones and Jadeite Capital which benefits from Greg’s 20 years of experience investing in Asian companies,” said Hans Tiedemann, chairman of Triple A Partners. “His life cycle approach to growth stocks in the fastest growing region in the world has led to very good performance in both strong and weak markets since the launch of the fund.”
Earlier this month Triple A Partners announced that it had seeded its first fund, the London-based 360 Japan Long Short Fund, with an initial US$10 million. The seeding firm is planning to invest in another three to four hedge fund managers by year’s end.
Triple A Partners specializes in investing in Asian-focused asset managers and has offices in Hong Kong, Los Angeles and London. Its management team includes Tiedemann, Paul Smith and Roger Pyrke. CLSA Asia-Pacific Markets and Iveagh are shareholders in the hedge fund seeding firm.