Fri, Feb 12, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Asia Pacific Intelligence

IMQ backs Hong Kong based volatility arbitrage fund, True Partner

Tuesday, October 01, 2013

Emerging manager specialist, IMQ, has invested $33m of 'acceleration capital' to Asian volatility arbitrage expert, True Partner Fund. The investment takes the manager to assets under management of $107m.

Located in Hong Kong, the True Partner team is run by Ralph van Put and uses a sophisticated approach to volatility trading, combining broad options expertise, global trading experience, and advanced technology. While the focus rests on trading opportunities within the Asian markets, the team runs a truly global book.

The investment strategy can be characterised as medium frequency, market neutral trading and continuous hedging of volatility spread positions in listed options, predominantly in the equity index space. Emphasis is placed in pro-actively managing portfolio risks, through both static and scenario based risk analyses.

True Partner's Van Put commented on the investment, saying: "We are pleased with the cooperation with IMQ as it highlights our momentum in asset gathering, with IMQ providing an opportune bridgehead towards institutional investors".

IMQ's CEO and Founder, Jeroen Tielman, comments: "We like the True Partner strategy as it has a strong track record of two years and it has a very low correlation to both hedge funds and conventional asset classes. The thought and dedication put in by the key principals, to create and evolve the business together over a decade, was evident from our first meeting with them."

In terms of finding opportunities in Asia, Tielman says: "We liked the opportunities in the Asian markets provided by True Partner being based in Asia, giving volatility arbitrage opportunities between Asian markets and other markets."

For Tielman, this is a good example of IMQ's expansion into the acceleration space of emerging managers. "Knowing that a team and strategy have been test-driven provides an additional level of comfort in evaluating a young manager; True Partner being prime example of this. Our commitment brings total AUM of True Partner beyond the crucial $100m mark."

 
This article was published in Opalesque's Asia Pacific Intelligence our monthly research update on alternative investments in the Asia-Pacific region.
Asia Pacific Intelligence
Asia Pacific Intelligence
Asia Pacific Intelligence
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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise