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Benedicte Gravrand, Opalesque London: Asia Alternative Asset Partners (Caymans) Ltd (“Triple A Partners”), an Asian alternative funds management company in the seeding and distribution business, announced that they would invest an initial US$20 million into Enhanced Investment Products’ new fund, the EIP Aleph Fund.
The Fund is managed by Toby Bland who founded EIP in 2002 after leaving Jardine Fleming’s proprietary trading team. It is the latest addition to the existing range of funds managed by EIP who have assets under management of over US$200 million.
Tobias Bland told Opalesque: "The EIP Aleph Fund is an Asia Inc Japan market neutral fund. It has a higher risk/reward profile than the present EIP Overlay Fund. The Fund is stand alone from our existing Enhanced Index Fund portable alpha strategy. It seeks to invest in anomalies across the region, which are in plentiful supply presently. It will be multi-strategy, concentrating in the event driven, volatility, and relative value space. There are a number of traders who will be assigned to different strategies. And it will soft launch in January."
In addition, Triple A Partners has bought a minority equity interest in the share capital of the EIP Group and has also entered into a global distribution agreement with EIP which covers all of their existing and future funds.
Paul Smith, partner at Triple A, told Opalesque: ""This deal is a really exciting one for us ...................... To view our full article Click here
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