Wednesday, 22 October 2014
Last updated 15 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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