H2O Asset Management, a London-based asset manager owned by Natixis Global Asset Management Group, has bought a strategic stake in Hong Kong’s Poincare Capital Management.
H2O, which currently oversees $16bn in assets, has not disclosed the financial terms of the deal or the size of the stake acquired.
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Poincare focuses on global equities driven by Asian growth and is led by CEO Alex Casin and CIO Yang Lu. The firm will initially launch an off-shore and a UCITS vehicle incorporating a long/short strategy, with plans on to roll out a long-only investment scheme later on.
“The objective of Poincare is to capture Asian themes through global equity markets by combining top-down idea generation, fundamental bottom-up analysis and quantitative portfolio construction,” Lu noted.
H2O CEO Bruno Crastes said: “Poincare is a great fit for us as it combines a long-term judgmental vision with quantitative skills. We look forward to this initiative turning into a durable success story for Poincare, H2O, and above all our clients.”
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