Agecroft Partners is expanding its reach in Asia by opening a Hong Kong office and appointing industry veteran Jerry Wang as a Business Partner to manage all capital introduction services for the firm’s alt investment manager clients.
Wang, who will be working with a soon-to-be-named associate, will also be helping other alternative investment firms seeking to connect with qualified professional investors in Hong Kong in compliance with local regulatory standards. Through Ge Shang Investment (GSI), the Hong Kong team will operate with a licensed entity under the oversight of the Hong Kong Securities and Futures Commission (SFC).
Wang will also lead efforts to grow Asian participation in Agecroft’s affiliate, GAINING THE EDGE events. Agecroft’s William Clarke will continue to oversee the firm’s operations in Singapore and Australia.
Wang brings over 30 years of experience in Hong Kong’s institutional investment industry. A graduate of Northwestern University, he began his career at Merrill Lynch, where he first worked with Agecroft’s founder, Don Steinbrugge. In 2000, he launched Vision Investment Management, which grew to become one of Asia’s largest hedge fund of funds.
“We are thrilled to partner with Jerry, whose deep expertise in alternative investments and strong reputation across Asia will be invaluable,” said Steinbrugge. “We have been friends for many years, and I’m optimistic about the growth potential in Hong Kong. Alternative investment firms looking for capital introduction in Hong Kong are encouraged to connect with us.”
Agecroft Partners provides hedge fund consulting and marketing services and consistently helps its clients raise over $1bn annually. The firm only represents around 3% of managers it vets, working with an average of five managers at any given time.
