Hedge Fund Reader : Arlington Group and Eurekahedge ink pact to commence Hedge Fund operations in Asia

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October 01, 2005

Arlington Group and Eurekahedge ink pact to commence Hedge Fund operations in Asia

Arlington Group Limited (LSE: ARL) is an investment company has joined hands with Eurekahedge, an alternative investment consultancy to start-off hedge funds operations in Asia. Under the terms, Arlington Group will supply seed capital, while Eurekahedge will provide origination, analytical support and resources into the venture. Arlington's Asia-focused investment manager, Mr. Joseph McCarthy and Eurekahedge founding partner Mr. Richard Armstrong and will be jointly responsible for developing and managing the new seeding platform. Eurekahedge believes that Asian hedge funds have delivered pheneomenal returns of around 46 per cent over the last three years. The hedge investments in the region are estimated at $70 billion which is approximately 6% of the total assets invested in hedge funds globally. The joint venture will aid its existing services in start-up advisory and capital raising services. Eurekahedge however has a presence with over $40 million assets invested in Asia through a joint venture with ABN-Amro in 2002. HedgeWorld.com Reports:

From the Eurekahedge perspective, Arlington Group made a good partner for the venture as the firm has been allocating to Asian hedge funds for the last 24 months and has a management team in place made up of experienced Asian investors. Mr. Mearns also noted that the firm has a "strong balance sheet" and the ability to execute deals quickly.

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October 1, 2005 in Emerging Markets, Research, Strategy | Permalink