New Joint Venture

27 Sep 2005 10:03

Arlington Group Ltd27 September 2005 Arlington Group Limited Arlington Group Limited and Eurekahedge establish Joint Venture to seed Asian Hedge Funds Arlington Group, the AIM listed investment company, and Eurekahedge todayannounced the formation of a joint venture to provide seed capital and supportto Asian hedge funds and Asian long-only absolute return funds. Arlington willcommit seed capital to the individual funds while Eurekahedge will provideorigination, analytical support and the full resources of its globally basedcapital introduction team (New York, Geneva, Zurich, London, Tokyo, Hong Kong &Singapore). Richard Armstrong, one of Eurekahedge's founding partners and JosephMcCarthy, Arlington's Asia-focused investment manager, will jointly beresponsible for managing and developing the seeding platform. "This marks an exciting step in the development of Arlington Group and itstarget of expanding its interests in Asia" commented Nicholas Barham, Chairmanof Arlington Group. "We believe that in Eurekahedge we have found a uniquepartner with a demonstrable depth of understanding and knowledge of Asian Fundsand a proven track record in helping to support and raise capital for start-upfunds". Richard Armstrong said "Early stage capital is key to helping funds to develop.The JV with Arlington Group means that we are now able to provide the totalplatform for funds to set up and grow to compliment our existing start-upadvisory business, capital raising and hedge fund hotel. We are delighted thatArlington Group has chosen Eurekahedge as its local partner given their team'sunderstanding of the alternative investment space and ability to execute quicklyon investment decisions". Eurekahedge Eurekahedge is a leading alternative investment consultancy company focusing onresearch, publications and capital introduction. It was founded in 2001 andcurrently employs 60 people in Singapore, Hong Kong, London, New York &Switzerland. With a database of over 7000 hedge funds and over 150 hedge fundindices, Eurekahedge is one of the most widely used and quoted alternativeresearch houses worldwide. 27 September 2005 More information Joseph McCarthyjmccarthy@agam.co.uk+65 6212 0900 Richard Armstrongrichard@eurekahedge.com+65 6212 0921 This information is provided by RNS The company news service from the London Stock Exchange