HedgeCo.net (West Palm Beach) – Swiss-based alternative asset manager, Partners Group, has been selected as the manager for a private equity secondary mandate by the sovereign wealth fund Korea Investment Corporation (KIC).

KIC aims to profit from current dislocations in the secondary market which offers high discounts to net asset value and attractive return potential. The hedge fund firm has four offices located in the Asia-Pacific region, with Singapore being the second-largest office worldwide.

”We are very pleased to launch this secondary investment mandate with Partners
Group.” Dong-Ik Lee, Head of the Alternative Investment Team at KIC, said, ”We believe that leveraging a very strong and experienced manager like Partners Group is the right way to explore and profit from this market.”

Steffen Meister, CEO of Partners Group, added, ”We are extremely pleased and honored to work with the Korea Investment Corporation, which we consider to be one of the most prestigious sovereign wealth funds around the world and one of the most sophisticated investors in Asia.”

Partners Group has over CHF 24 billion ($22 billion) in investment programs under management in private equity, private debt, private real estate, private infrastructure, absolute return strategies and listed alternatives.

Editing by Alex Akesson

For HedgeCo.net

alex@hedgeco.net

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Tags: absolute-return, accredited-investors, alternative investment, asia pacific region, asset-manager, asset-value, attractive return, dislocations, hedge fund, investment corporation, investment programs, investment team, kic, partners group, private debt, private infrastructure, private real estate, return-strategies, sophisticated-investors, west palm beach

West Palm Beach (HedgeCo.net) – Ali Mudeen has joined hedge fund provider ATC Group as managing director of its Cayman Islands operations.

Mudeen will oversee and build the firm’s Private Clients and Corporate Services practices in the region, as well as work closely at a group level with ATC’s hegde fund administration practice.

Mudeen brings over 20 years of international experience to ATC, having worked in the US, South America and the Caribbean in banking, legal and trust services. He joins ATC from Caledonian Global, where he was a director and shareholder and had overall responsibility for marketing and business and strategic development.

“Ali’s industry expertise and leadership make him an invaluable addition to the ATC executive team." Robert Govaerts, ATC’s chairman, said, "His broad knowledge base and commitment to client service will significantly enhance ATC’s leadership position in the industry.”

“ATC is an impressive financial services company with a clear vision for the future, having enjoyed strong growth even in these unprecedented economic conditions,” Mudeen said. “I am delighted to join a company which has such a strong focus on client services and on its people.”

Serving international business, private clients, capital markets and alternative investment funds, ATC was established in 1893. ATC employs over 350 professionals in 17 offices across Europe, the Caribbean and the Asia Pacific region.

Tags: accredited-investors, alternative investment, asia pacific region, clear vision, executive-team, fund administration, fund-provider, govaerts, group level, hedge fund, industry expertise, international experience, invaluable addition, investment-funds, leadership position, palm-beach, private-clients, strategic development, trust services, west palm beach