Fund launches & closures

Hyundai-seeded AQG Asian quant strategy to launch in September

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Singapore-based AQG Capital Management is all set to launch its market-neutral, pan-Asia equity quant fund at the beginning of September.

The Able Quant Master Fund, which starts with a seed capital of $100 million solely provided by Korean firm Hyundai Securities, is one of the more highly-anticipated hedge fund launches in the region this year given the size of funding it has already attracted. The Monetary Authority of Singapore is understood to be issuing AQG’s hedge fund license shortly.

The market-neutral long/short strategy will initially trade across Asian liquid markets such as Korea, Hong Kong, Japan and Australia