Funds of Hedge Funds

Penjing links with Triple A to seed managers in Asia


Penjing Asset Management has entered into a joint venture agreement with Asia Alternative Asset Partners, known as Triple A Partners, to seed start-up hedge funds in the Asian region.

The existing Penjing Seed Fund will be renamed the Penjing Triple A Partners Emerging Managers Fund.

Triple A Partners will become a co-investment adviser to the fund while Penjing will remain as the investment manager with key responsibilities of sourcing and selecting managers, as well as managing the fund. Triple A Partners will have specific responsibility for marketing the vehicle and joint responsibility for helping source and structure new deals.

The new