Old Mutual Global Investors is pleased to announce that the Asian Equities Team has received regulatory approval to operate from their Hong Kong office. This is the first time the business will have on the ground fund management capabilities in Asia.
Old Mutual Global Investors’ award-winning Asian Equities Team was hired in autumn 2014 and consists of four members, Josh Crabb, Diamond Lee, Kris Whitlock and Dmitry Lapidus.
The Team runs three funds, the Old Mutual Asian Equity Fund and the Old Mutual Pacific Equity Fund which are managed by Josh Crabb, who joined in October 2014 and the Old Mutual Greater China Equity Fund, managed by Diamond Lee, who joined the business in November 2014. The team now manages US $500 million in the region.
Old Mutual Global Investors, and its predecessors, have had a presence in Hong Kong for over 10 years. The business has expanded its Asian operations significantly in the last eighteen months, including the appointment of Carol Wong as Head of Distribution Asia in November 2013 and Simon MacKinnon as Asia Strategy Adviser, in February 2015. Old Mutual Global Investors also has a strong relationship with Capital Gateway, its Master Agent in Taiwan.
Julian Ide, CEO, Old Mutual Global Investors comments: “This is a significant development for Old Mutual Global Investors. Now we offer local products to the local market in Asia, we can connect with clients in in a way we have not been able to before. This is an award winning team with an enviable track record, which I believe offer a compelling choice for investors.
“Asia is a very important market for us and we are committed to building our business in the region. Asian industry is leading the field of endeavour in many sectors and we are keen to learn what makes the market so special. We will use this knowledge to ensure we deliver upon our ambitious plans for the region", said Ide.
Josh Crabb comments: “We are really pleased to now be officially based in Hong Kong. The Asian equities market is hugely diverse and offers a great deal of potential for clients. The local market is incredibly important to us and we are keen to build partnerships in the region, as well as develop our funds.”