Tue, Sep 1, 2015
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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  5. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

banner