Hong Kong’s OP Investment Management is partnering with Swiss asset manager Pharus Group and Daniel Jim, founder of Hong Kong-headquartered Tripod Management to launch a new advisory business to help European institutional investors with allocations across Asian hedge funds.
They also plan to introduce a platform to provide European managers with “handpicked emerging managers from Asia”, OP Investment says in a statement on August 6.
Known as Tripod BoLe, the platform will be launched in the fourth quarter of 2020 with a shortlist of Asian managers who will be “showcased for their outperformances and unique strategies”, it adds.
Mr. Jim will be the chief investment adviser of the new business.
The financial details of the deal were not disclosed.
According to Mr. Jim, the advisory business and the new platform will help institutional investors find “yet to be discovered talents and opportunities”.
“More than ever, institutional investors are demanding access to new sources of alpha previously only mined by tier-one mega institutional investors who’ve the in-house capabilities to due diligence regional opportunities,” he says in the statement.
OP Investment Chief Executive Officer Alvin Fan adds that the firm has been working with Mr. Jim “for years” and that the new deal is “in fact formalising the relationship and intensifying our focus”.
“Working together, we are excited to bring to the market new products that would otherwise either be too generic by regulatory definitions or inaccessible by virtue of the high cost of due diligence,” he says.