Columbia Threadneedle has teamed with DBS Bank to offer its technology-focused hedge fund strategy – a long-short equity vehicle managed by Paul Wick at Seligman Investments – to high-net-worth clients across Asia, according to report by CityWire.

The report quotes Columbia Threadneedle's Jon Allen, Head of Asia Pacific at the $642bn asset manager, as saying in a statement that the strategy has seen strong demand from family offices globally.

"We continue to see robust interest from both private banks and family office clients for our Seligman technology long-short strategy," Allen said, citing favorable conditions for technology equities and increased sector volatility.

The Seligman strategy aims to capitalise on the technology market’s growth potential while mitigating downside risk through its long/short investment approach.

The partnership with DBS marks another milestone in Columbia Threadneedle’s efforts to grow its footprint in Asia. In June, the firm announced an exclusive partnership with UBS Global Wealth Management in Asia for its Japan equity strategy, following the Swiss bank’s investment in its sustainable global equity income strategy last October.