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FRM to issue $50m seed capital for San Francisco-based start-up Sensato Capital

Monday, October 25, 2010
Opalesque Industry Update – FRM Capital Advisors enters strategic relationship with Sensato Capital Management

FRM Capital Advisors (FCA), the hedge fund seeding division of Financial Risk Management (FRM), and Sensato Capital Management LLC (Sensato) have formed a strategic relationship which involves FCA investing up to US$50 million with Sensato.

Sensato was founded in May 2009 by the former co-heads of active equity strategies at Barclays Global Investors (BGI), Ernest Chow, PhD, CFA and Jonathan Howe, PhD. Together they led and managed BGI’s Asia active equity strategies, at the peak overseeing over $30 billion in client assets. During their ten years at BGI they developed a strong reputation in the investment community for innovation and delivery of impressive performance in long-short Japan and Asia ex-Japan strategies.

Sensato builds on the pair’s experience at BGI, adopting a fundamental, quantitative approach to investing in Asia Pacific equity markets that is designed to deliver compelling returns while avoiding concentration risk, macroeconomic risk and beta risk. FCA’s investment will provide Sensato with additional investment capital and the resources to further build out its 21st century investment platform.

Patric de Gentile-Williams, COO of FCA, stated: “Ernie and Jonathan’s impressive performance at BGI and experience building and managing a strong team are a testament to their calibre and talent. We feel their strategy is well suited for investors looking for returns from Asian markets through a rigorous, relative value approach designed to extract alpha from markets. They have already built an impressive team and research & systems infrastructure and we look forward to supporting their development going forward.”

Ernest Chow, Partner and Co-Founder of Sensato Capital stated: “We expect institutional investors to continue to increase their exposure to Asian markets. We believe that our flexible long-short approach can offer these investors a valuable source of alpha and having a significant investment from a highly regarded company such as FCA will help us attract interest from other investors and further develop our business.”

Jonathan Howe, Partner and Co-Founder of Sensato Capital stated: “We appreciate the sophistication of the FCA team and its rigor in evaluating Sensato Capital. They have a deep understanding of our distinctive capabilities. We look forward to a fruitful partnership.”

Sensato was established in May 2009 and began managing external capital in June 2010.

Sensato is the seventh strategic investment made by FCA since it began investing in 2008, and the second investment it has made in a manager focused on Asia.

(press release)


FRM Capital Advisors (FCA) is a division of Financial Risk Management (FRM), a global fund of hedge funds group managing approximately $9 billion worldwide for institutional and other sophisticated investors. FCA manages a seeding fund which makes strategic investments in emerging alternative investment managers. Additional information on FCA can be found at www.frmcapitaladvisors.com

Sensato Capital Management LLC is an SEC registered investment advisor headquartered in San Francisco. The firm manages Asia Pacific equity long short investment strategies, using sensible investment insights implemented systematically. Additional information on Sensato Capital can be found at www.sensatocapital.com


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