Triple A Partners has made its second investment after entering the seeding and distribution business by providing an initial USD25m for
Triple A Partners has made its second investment after entering the seeding and distribution business by providing an initial USD25m for the Jadeite Capital Asia Pacific Absolute Return Fund, a pan-Asia equity long/short fund.
The fund, managed by Greg Jones, has a nine-month track record and has returned more than 22 per cent since launch. ‘We have an opportunity to differentiate ourselves during this challenging market period,’ Jones says.
‘Greg left Clay Findlay as a board member and senior portfolio manager with an excellent investment track record to form Jadeite Capital,’ says Hans Tiedemann, chairman of Triple A Partners, which is formally known as Asia Alternative Asset Partners (Cayman).
‘We are delighted to seed Greg Jones and Jadeite Capital, which benefits from Greg’s 20 years’ experience investing in Asian companies. His life cycle approach to growth stocks in the fastest growing region in the world has led to very good performance in both strong and weak markets since the launch of the fund. We expect Jadeite’s success to continue.’
Adds Triple A Partners chief executive Paul Smith: ‘Greg Jones is an excellent addition to our growing group of managers. Triple A Partners and our clients value the commitment to the top-tier infrastructure and team that he has assembled. The Jadeite fund is an excellent example of the high-calibre funds we intend to partner with both from a strategic and operational standpoint.’
Triple A Partners is an Asian alternative fund manager with offices in Hong Kong, Los Angeles and London, headed by Tiedemann, Smith and Roger Pyrke, and with Crédit Agricole subsidiary CLSA Asia-Pacific Markets and London-based multistrategy manager Iveagh as shareholders. The firm says its flexible financial and operational support allows independent managers to grow their business while focusing their own efforts on managing funds.
Jadeite Capital Investments Advisors is a New York-based manager founded by Jones with backing from Triple A Partners. The firm seeks to generate steady sustainable above-average absolute returns in the Asia Pacific region by exploiting price and valuation inefficiencies.