|Opalesque: Hong Kong manager launches emerging hedge fund program||
A Hong Kong-based asset manager that runs a hedge fund platform is launching a funding program for emerging managers, confident that flows will return to China’s fund industry. OP Investment Management Ltd (OPIM) plans to invest up to US$250m in emerging managers on its hedge fund platform, in association with the Oriental Patron Financial Group (OPFG).
The OPIM and OPFG funding program "will start with a fund of funds structure seeded by OPFG and partners targeting around $70m. OPFG will provide capital to the fund of funds structure and introduce potential investors to funds on OPIM’s platform," an OPIM spokesperson told Opalesque. OPIM will choose from any Asia-based managers across all strategies, but with a focus on onshore PRC managers looking to expand offshore.
OPIM offers a turnkey solution to fund managers, she said. "We provide institutional networks, risk management expertise, technology infrastructure and professional management team to help managers launch new fund products with a lower AuM threshold in a fast and efficient way."