Singapore Hedge Fund

Alternative asset management in Singapore

New Asia-focused team at FrontPoint

FrontPoint Partners hired a new Asia-focused event-driven and special situations hedge fund investment team, led by portfolio manager John Foo.

The Singapore-based team all came from Kingsmead Capital Advisors, which Mr. Foo founded.

Joining him is Edgar Chia, analyst, and Hubert Yong, trader; they held similar positions at Kingsmead Capital, according to a FrontPoint news release.

Kingsmead Capital liquidated its similarly managed Asian hedge fund in July 2008, said Erica Platt, a spokeswoman for FrontPoint’s parent, Morgan Stanley Investment Management.

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Tribridge To Launch New pan-Asia Hedge Fund

Tribridge Investment Partners Ltd., a Hong Kong-based hedge fund manager, said Monday it will launch a new fund in August and hired John Liptak, former head of Bank of America Corp’s Asia special situations group, to run it.

The new fund will have a pan-Asia focus and seek to identify mispriced or undervalued securities due to financial stress, some corporate event or other special situation. It will be biased toward large-cap companies in more developed markets in the region such as Hong Kong, Australia, Korea, Singapore, or Japan.

“I believe that the opportunities from the upcoming default cycle have not been seen since shortly after the Asian currency crisis back in 1997-1998,” Liptak said in prepared remarks.
Citigroup. is the fund’s prime broker and Bank of New York Mellon Corp. is the administrator. Tribridge, founded in 2003, has US$259 million in assets under management in four different funds including a Korea multi-asset fund and three credit funds.

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Pacific Alternative Asset Management Company Names Two New Partners

PAAMCO a US$9 billion fund of hedge funds company, has announced that Dr. Philippe Jorion and Kemmy Koh, based in Singapore, have been promoted to partners. The promotions, respectively, highlight the firm’s expertise in risk management and Asian alternative investment strategies.

“Philippe and Kemmy’s promotions recognize the unique contributions each of them have made to the firm,” said Jane Buchan, Chief Executive Officer of PAAMCO. “Philippe has further enhanced PAAMCO’s strong risk management processes, particularly in evaluating complex securities and new markets. Kemmy has continually shown an ability to master new investment strategies and we are delighted with her latest success in building our Singapore office and overseeing our Asian long/short strategies.”

Dr. Philippe Jorion joined the firm three years ago as a Director in the Risk Management Group based in PAAMCO’s Irvine office. He is also Chancellor’s Professor of Finance at the Paul Merage School of Business at the University of California at Irvine. Dr. Jorion holds an MBA and a PhD from the University of Chicago, and a degree in engineering from the Universite Libre de Bruxelles. Philippe has authored more than 90 publications on the topics of risk management and international finance.

Ms. Koh is Director of PAAMCO’s Singapore office. She joined PAAMCO as a summer associate in 2000 and served in a variety of research and administrative management roles on PAAMCO’s investment team before being named, in 2005, an Internal Sector Specialist in Event Driven strategies. In the summer of 2006 she moved to Singapore to take her current position. Ms. Koh holds a MBA degree from the University of California at Irvine and a BS degree from the National University of Singapore. She is a CFA charter holder.

Pacific Alternative Asset Management Company (“PAAMCO”) is a hedge fund of funds dedicated to offering strategic investment solutions to large, sophisticated institutional investors. Based in Irvine, California, PAAMCO was started in March 2000, and currently has approximately $9 billion under direct management. The firm’s portfolio management team has both a strong academic background and years of experience in working with institutions and analyzing and creating multi-strategy portfolios of hedge funds.

PAAMCO has a global staff of 120 including some 30 investment professionals and is owned by 10 of its employees. In 2003, PAAMCO established a subsidiary in London (“PAAMCO Europe”), and in 2006, established a subsidiary in Singapore (“PAAMCO Asia”), both of which are majority owned by PAAMCO in the US.

Patrick Kemmis
Senior Partner
VBK Partners LLP

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