IMQ allocates $33m to HK volatility arbitrage expert
Amsterdam, Netherlands based IMQ, which specialises in early stage investments in alternative managers, has put $33m in Hong Kong based True Partner Fund, an Asian volatility arbitrage expert.
The investment, identified as ‘acceleration capital’, takes total AUM of True Partner Fund to $107m.
Ralph van Put heads the fund’s team, which applies use of options expertise, global trading experience and technology to implement the strategy, which it suggests is characterised by “medium frequency, market neutral trading and continuous hedging of volatility spread positions in listed options, predominantly in the equity index space.”
IMQ CEO and founder Jeroen Tielman (pictured) said: “We like the True Partner strategy as it has a strong track record of two years and it has a very low correlation to both hedge funds and conventional asset classes. The thought and dedication put in by the key principals, to create and evolve the business together over a decade, was evident from our first meeting with them.”
Tielman added: “This is a good example of IMQ’s expansion into the acceleration space of emerging managers. Knowing that a team and strategy have been test-driven provides an additional level of comfort in evaluating a young manager; True Partner being prime example of this. Our commitment brings total AUM of True Partner beyond the crucial $100m mark.”