Australian hedge fund veterans launch Asian funds management business

LSL Partners, a new boutique funds management company, has launched in Sydney today. It will be constructing alternative investment products focusing on the Asian region for Australian and international investors. Based in Sydney, LSL Partners plan to launch a Hong Kong office in 2019.

Its Principals are Timothy Cheung, Kim Ivey, Chung Ip and David Gray. Timothy Cheung (CIO) and Chung Ip (Head of Research) met at the Wharton Business School and have joined ranks after successful international careers in hedge funds, private equity and asset management. They gained experience at top-tier financial firms including, JP Morgan, Colonial First State, Accel-KKR and Perpetual Investments. Both Timothy and Chung are of Chinese heritage and were educated in the West.

Kim Ivey, (CEO & Chairman), a pioneer of the Australian alternative investment industry states: "LSL Partners will offer investors innovative choices when investing in Asia. With the right people and a deep understanding of the region, there are many reasons why a skilled investment business can, and should be established in Australia, with links into Asia. LSL Partners is purposefully built to fill this need. Right now, many Australian and offshore investors are underexposed to Asian investment opportunities."

"We are bringing a strong team to work on these opportunities. Along with Timothy and Chung, David Gray, a seventeen year veteran of UBS's prime broking business in Australia and Asia, is our COO and brings twenty-five years of institutional operational experience to the business. The Board is also augmented with three very experienced and capable independent directors."

LSL Partners' first product, The Fury Fund, will be an Asian long/short equity fund, investing in Asian public markets with an absolute return focus and an expected overweighting to China and Hong Kong. ......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.