H2O Asset Management, a London-based asset manager owned by Natixis Global Asset Management Group, has bought a strategic stake in Hong Kong’s Poincare Capital Management.
H2O, which currently oversees $16bn in assets, has not disclosed the financial terms of the deal or the size of the stake acquired.
Poincare focuses on global equities driven by Asian growth and is led by CEO Alex Casin and CIO Yang Lu. The firm will initially launch an off-shore and a UCITS vehicle incorporating a long/short strategy, with plans on to roll out a long-only investment scheme later on.
“The objective of Poincare is to capture Asian themes through global equity markets by combining top-down idea generation, fundamental bottom-up analysis and quantitative portfolio construction,” Lu noted.
H2O CEO Bruno Crastes said: “Poincare is a great fit for us as it combines a long-term judgmental vision with quantitative skills. We look forward to this initiative turning into a durable success story for Poincare, H2O, and above all our clients.”