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Triple A Partners to invest in Enhanced Investment Products

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Triple A Partners and Asia Alternative Asset Partners (Caymans) have announced that they are to invest into Enhanced Investment Products, the Hong Kong based alternative asset manager.<

Triple A Partners and Asia Alternative Asset Partners (Caymans) have announced that they are to invest into Enhanced Investment Products, the Hong Kong based alternative asset manager.

Asia Alternative Asset Partners will invest an initial USD20m into EIP’s new fund, the EIP Aleph Fund, which will be an Asia Pacific market neutral fund and will target absolute returns by employing a number of non-correlated investment strategies.

The fund, which is expected to launch in January 2009, 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, which has assets under management of over USD200m.

Meanwhile, Triple A Partners, an Asian alternative fund partnership, 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.

Hans Tiedemann, chairman of Triple A Partners, says: ‘We are delighted to announce the investment by Triple A Partners in EIP. Toby has built a unique business with an excellent track record over a number of years. We are looking forward to leveraging the experience that Toby and his team has brought to the existing EIP business. For us this is a very exciting deal as we are buying into a proven management team with a demonstrable performance record and enormous growth potential.’

Toby Bland, chief executive of EIP, says: ‘With the launch of the EIP Aleph Fund, we are opening our second market neutral fund to take advantage of opportunities that the existing EIP Overlay Fund cannot take full advantage of due to its more conservative risk attributes. We are looking forward to working with Triple A Partners. Their contribution to both the operational and distribution aspects of our business will help ensure the continued success of EIP.’

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