In this new post, created to explore the growing generation of Asia ex-Japan hedge fund managers, STbastien Honniball will work with David Agbim, senior investment manager, who covered Asia from within the region for over a year before recently relocating to London.
Historically, Man Investments' business in Hong Kong has been sales and distribution of its products. MGS has been interested in and looking at hedge fund investments in the region for a number of years already, so it sees this hire as a natural expansion
Honniball will focus on sourcing the Asia-based hedge fund opportunities for MGS by conducting due diligence on identified managers, including early-stage hedge fund managers. In addition to this, he will be actively involved in monitoring existing investments in the region.
In the past, Honniball worked as a member of the MGS London investment team for more than five years, and recently spent time with the nascent Hong Kong-based fund of hedge funds Alphatraxx, alongside Andrew Sinclair, Richard Norris, Michael Schulz and Janice Chan, before leaving in May 2006.
MGS manages $15 billion of assets. It builds and manages hedge style and multi-strategy portfolios, including the portfolios for Man InvestmentsÆ structured products. As a result, it says it is searching for hedge fund managers in Asia with whom it can participate and form associations
Alongside these associated managers, MGS also has the ability to make allocations to other wings of the Man Group. MGS is a division of Man Investments, which has global assets under management of $54 billion, through its core investment managers AHL, Glenwood, MGS and RMF. Some 40% of ManÆs assets-under-management is estimated to be sourced from the Asia-Pacific region.