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Alternative Market Briefing

In Asia, new hedge fund managers 'literally come from everywhere’

Thursday, December 31, 2015

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Steve Knabl
Benedicte Gravrand, Opalesque Geneva for New Managers:

Delegates at the recent Opalesque Singapore Roundtable discussed new Asian fund launches.

Steve Knabl is a managing partner and a shareholder of Swiss Asia Financial Services and Swiss Asia Holding, located in Hong Kong and Singapore.

"We are basically a platform for wealth managers and fund managers," he said. "We provide the whole infrastructure, the framework, the corporate governance, the operations, the middle office, everything except for the investment knowhow, because that is what manager brings along with him." Swiss Asia has 70 employees, $2.5 billion of AuM in 34 funds and 17 wealth managers.

On average, Swiss Asia gets a fund on-board each month, he explained. Strategies vary and include private equity funds, a Japan real estate fund that buys hotel (launched in October), social impact investing funds in Myanmar, Cambodia, Pakistan, Laos, venture capital-type vehicles, etc. The firm recently launched a Korean volatility arbitrage fund. It is currently launching a shipping focused equity and fixed income fund, and a relative value arbitrage fund that trades futures on commodities. A lot of CTAs and global macro strategies launch on their platform, he added, "that is where......................

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