The principals of Hong Kong hedge fund manager Hindsight Asset Management -- Jenkin Leung, Yin Man Tang and Rocco Paduano -- together with their investment team, are entering into a new joint venture with Hamon Investment Group known as HSH Investment Partners.
The joint venture will initially concentrate on an Asian convertible bond-related strategy but has plans to expand into other areas in the future. This follows the liquidation of the previous Hindsight strategy.
Hamon Investment Group was founded in 1989 and has approximately $1 billion in assets under management under the leadership of chief executive officer Hugh Simon. An Asia-focused specialist growth manager, Hamon is headquartered in Hong Kong and is jointly owned by its management team (80%) and BNY Mellon (20%).
Hindsight Asset Management hopes to further expand its client base with this move. It is hoped that Hamon clients will benefit from the additional product offering. Over time, it is expected that BNY Mellon Asset Management will have access to Hindsight Asset Management's capabilities within Hamon-branded strategies.
Separately, one former member of the Hindsight quartet, the long/short portfolio manager Man Wing Chung, is rumoured to be re-entering the alternatives business via a new Greater China hedge fund along with LV Jun, the former CIO at China International Fund Management, and Taiwan specialist Peter Tang.