Allianz Hedge Fund Partners is celebrating three years in business, with the team members' history of hedge fund investing now extending to over 13 years.
Since being established in late 2001 by founders Madhav Misra, Philippe Collot and Johan Ahlström, as the fund of hedge fund platform for Allianz Global Investors, the firm has grown steadily from an initial USD 100m of assets provided by Allianz to over USD 1.3 billion. In addition, three offices, in San Francisco, New York and Geneva, now service investors.
"AllianzHFP has successfully created a distinctive investment and business infrastructure that combines the resources of a large financial institution with the flexibility and performance culture of boutique money manager", says Madhav Misra, managing partner and CIO. "Our proven investment process, honed by over a decade of fiduciary management of hedge fund investments, continues to meet our clients' objectives for absolute returns, portfolio diversification and risk management."
Although the Allianz Group is among the AllianzHFP investors, Philippe Collot, managing partner and head of business development is quick to point out that the firms' assets stem predominantly from third party pension funds, insurance companies and banks for their proprietary accounts and private banking clients. "We are pleased to count a large number of highly reputable institutions among our investors across Europe, the Middle East, the US and Japan," he says.
In addition to AllianzHFP's standard portfolios the firm manages a number of tailored portfolios established to meet specific investor guidelines and with different risk and return profiles.
"We are in a very good position for future growth without compromising quality as we have a significant amount of additional unutilized capacity with our existing hedge fund managers line up, the majority of which are closed to new investors", says Ahlström. "To meet a growing demand for transparency and flexibility we have established a platform of separate accounts. This enabled us, for example, to launch tax transparent portfolios for German investors in 2004."
Background notes: Allianz Global Investors (AllianzGI), a subsidiary of Allianz AG, is a management holding company for a network of investment specialists in the most important institutional and retail markets around the world. Through PIMCO, RCM, dit, dbi, Oppenheimer Capital, Allianz Hedge Fund Partners, NFJ, Nicholas Applegate and several other specialist firms AllianzGI offers its clients a broad variety of investment competencies, covering all equity and fixed income investment styles as well as balanced products and alternative investments. With EUR 996 billion Assets under Management (Dec. 2003) AllianzGI ranks amongst the top five investment management companies worldwide.