Fri, May 29, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Samena Capital and Swiss bank Reyl announce hedge fund seeding joint venture

Tuesday, April 19, 2011

Julius Wang
Opalesque Industry Update: Swiss banking group Reyl & Cie and Samena Capital, a premier investment group focusing on principal investments in the Subcontinent, Asia, Middle East and North Africa, announced today the creation of a joint venture.

This partnership will combine Samena Asia Managers (SAM), Samena Capitalís hedge fund seeding business operating from Hong Kong with Reyl & Cieís wealth and asset management expertise and regulated infrastructure to create a high value proposition for their respective client and investor bases.

SAM will expand its operational and fund infrastructure, run managed accounts and develop bespoke products suited not only to mature European investors but also to HNWI, family offices and institutional players in the fast growing SAMENA region.

According to Reuters, the two firms had initially committed $25m for the seeding vehicle called Samena Angel Fund II, which is expected to launch in October. The start-up plans to raise up to $250m from private bank clients, which will be invested in hedge funds focusing on the SAMENA region.

SAM is currently running a $98m seed fund, Samena Angel Fund I, which returned 23% since its launch in January 2007 through investments in Asia-focused multi-strategy hedge fund Phalanx and Greater China long/short hedge fund Snow Lake.

The new vehicle will ďreach out to a broader audienceĒ, said Julius Wang, CEO of SAM, by expanding to managed accounts and creating portfolios that might interest clients from Europe.

About REYL & CIE S.A.
Based in Geneva, with presence in Paris, Luxembourg and Singapore, the REYL Group manages assets amounting to more than CHF 4 billion. It has three separate, yet complementary, lines of activity:

- wealth management, REYL & CIEís historic business
- asset management, with investment funds managed by Reyl Asset Management
- private office services offered by Reyl Private Office.

Founded in 1973, REYL & CIE is a fully-fledged ank and operates under the direct control of the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank. Corporate website: www.reyl.com

About Samena Capital
Operating from London and Hong Kong with a research presence in India and Bahrain, Samena Capital currently manages in excess of US$ 400 million across a range of close-ended structures.

On the whole, Samena Capitalís strategic investments have created substantial value by combining the experience and market knowledge of its shareholders with the considerable investment acumen of the companyís regulated investments advisors in London and Hong Kong and research presence in India and the Kingdom of Bahrain. Corporate website: www.samenacapital.com

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds, Hedge funds buy Actavis, Valeant. ETFs join the party, The most loved biotechs of big hedge funds, Stocks to buy ... according to hedge funds, Atlantic City bond offering attracts hedge funds as buyers, Okumus Fund Management discloses huge new Ascent Capital Group stake[more]

    Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds From Boingboing.com: When a giant hedge fund is bidding on all the foreclosed houses in a poor neighborhood, living humans don't stand a chance -- but that's OK, because rapacious investors make great landl

  2. Institutions - Institutional investors turn to real estate, planes, Assets at Bostonís five biggest family nonprofits rise to $3.5bn[more]

    Institutional investors turn to real estate, planes From Joins.com: The National Pension Service and domestic emerging market specialists who did not know where to invest in a low interest rate environment are turning to other investments like the blue-chip real estate market abroad.

  3. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  4. Opalesque Exclusive: BMO launches multi-strat '40 act fund[more]

    Bailey McCann, Opalesque New York: As we reach new market highs, investors are looking for a way to diversify and protect their portfolios from a potential market correction. Liquid alternatives are rapidly gaining ground as a critical tool for investors to use to mitigate downside risk. The BMO

  5. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

 

banner