Fund of hedge funds shop Pacific Alternative Asset Management Co. has added a team of Asia specialist and their hedge fund to its offerings.
The KBC Alpha Asset Management Team has joined Irvine, Calif.-based PAAMCO. The newly-minted Pan Asia Alpha Strategies division at PAAMCO will continue to manage their $700 million in Asia-focused hedge fund investments.
"The integration of Pan Asia Alpha Strategies into PAAMCO's global operations gives us the ability to tap into a team of experienced and talented individuals with extensive experience across Asia, and to further enhance our clients' exposure to hedge funds in this important and developing region," PAAMCO CEO Jane Buchan said.
Nine KBC Alpha employees will move to PAAMCO’s offices in Singapore and London, including founder and chief investment officer Neale Safaty, who set up the firm in 2001 as the fund of funds division of KBC Alternative Investment Management.