Asia Alternative Asset Partners (Caymans), an Asian alternative fund seeding and distribution business that has as a strategic investor CLSA Asia-Pacific Markets Group, an institutional re
Asia Alternative Asset Partners (Caymans), an Asian alternative fund seeding and distribution business that has as a strategic investor CLSA Asia-Pacific Markets Group, an institutional research and brokerage house owned by France’s Crédit Agricole, has announced plans to seed its third investment.
Triple A Partners, as the firm is known, will invest alongside another strategic investor in the KS Asia Long/Short Fund, a Korea-focused long/short equity hedge fund with the freedom to trade across Asia. KS Asset Management expects to launch the fund on September 1 with around USD40m in assets.
The Cayman-domiciled KS Asia Long/Short Fund seeks to generate returns in Asian markets by focusing on fundamentals, valuations and catalysts to unlock value, using technical analysis to identify entry and exit points to maximise returns.
The fund will be managed by Kyle Shin, formerly head of Kingdon Capital Korea and a member of the Kingdon Capital Asia team, and one of the first Korean hedge fund managers to emerge from a leading US firm.
Shin is establishing his new business in Hong Kong, where he will be joined by an analyst with more than seven years’ experience in managing Korean portfolios. KS Asset Management will work with an external investment consultant.
‘We are delighted to be in business with Kyle, who has an outstanding record in Asian stock-picking,’ says Triple A Partners chairman Hans Tiedemann. ‘He has an extensive local network with access to company executives and decision-makers who are influential in the future economic landscape of Asia. His proprietary research on the technology sector will also be of substantial benefit to the portfolio.’
Says Shin: ‘Through Triple A Partners’ global distribution we will have immediate access to a global investor base, and Triple A Partners’ shareholder, CLSA, will add depth to KS Asset Management’s middle and back office, monitoring risk on a daily basis to provide our investors with additional reassurance when investing in a start-up.’
Triple A Partners, which has offices in Hong Kong, Los Angeles and London, is run by a management team consisting of Tiedemann, Paul Smith and Roger Pyrke, and also has London-based private investment firm Iveagh, a multi-family office set up by the Guinness brewing family, as a shareholder.
