APS Asset Management and Rothschild Asset Management Enter into Strategic Alliance
SINGAPORE and NEW YORK, July 3, 2017 /PRNewswire/ -- APS Asset Management and Rothschild Asset Management Inc. have entered into a strategic alliance. The strategic alliance seeks to strengthen APS' position in the US and Rothschild Asset Management's position in Asia.
"In the old world of asset management, companies competed with each other. But in this new world we believe asset managers with complementary skills will form strategic alliances to create value for their clients," says Wong Kok Hoi, Founder and Chief Investment Officer of APS. "We at APS are delighted to collaborate with such a reputable firm who shares the same vision with us. We complement each other in product and geographical coverage as well as people."
This alliance also involves general marketing which Rothschild Asset Management will extend to APS in the US. In Asia, APS will extend similar support to Rothschild Asset Management.
"We are thrilled to be partnering with a uniquely positioned Asian asset manager in APS," states Rothschild Asset Management CEO Michael Woods. "This partnership allows us to leverage APS' network in Asia, while also accessing the niche expertise of a leading investment manager in one of the fastest growing regions of the world." Mr Wong says, "Rothschild Asset Management is a US asset manager with strong US products. We are privileged to partner with Rothschild Asset Management, a firm which shares so many similar attributes with APS – specialized, nimble and alpha-focused. Together, we can serve our clients better by leveraging our complementary strengths."
APS Asset Management is a Singapore-headquartered boutique asset management firm founded in 1995 by its CIO, Wong Kok Hoi. The firm has assets under management of USD2.7 bn as at 31 May 2017, which are invested across Asia including Japan equity markets. The firm's investors are mainly North American and European institutional asset owners, financial institutions and other sophisticated investors.
APS manages both segregated mandates and co-mingled funds. The two largest funds are the APS China A Share (Cayman) Fund, with an AUM of about USD230 mn, and the APS Asia Pacific Long Short (Cayman) Fund with an AUM of about USD460 mn as at end-May 2017. The firm's China A-share strategy totals about USD2 bn and the long/short equity strategy totals about USD510 mn as at 31 May 2015.
APS has six offices worldwide in Singapore, Shanghai, Shenzhen, Beijing, Tokyo and New York. For more information, please visit www.aps.com.sg
Headquartered in New York, Rothschild Asset Management Inc. manages investments covering a range of U.S. securities including large-cap, small/mid-cap, small-cap, and smart beta solutions. The firm seeks to provide superior performance while controlling risk. Rothschild's seasoned teams of investment professionals use a disciplined investment philosophy and an integrated process focused on fundamentals. The firm manages assets for a broad range of clients including corporations, endowments, foundations, healthcare organizations, high-net-worth investors, public pension funds, sub-advisory and Taft-Hartley plans. Rothschild Asset Management Inc. is part of Rothschild & Co, one of the world's largest independent financial advisory groups.
For more information: https://www.rothschild.com/en/asset-management/raminc/
Media contact: Benjamin Poor, 1-212-403-5288, [email protected].
SOURCE Rothschild Asset Management Inc.
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