Altis Partners, an independent Commodity Trading Advisor (CTA), officially celebrate the launch of their Hong Kong office, Altis Partners (Asia) Limited (AP(A)L), on 3rd November. This is the company’s first office outside Europe, and represents the latest in a series of firsts: founded in London in 2000, Altis became the first CTA to settle in Jersey, Channel Islands in 2005; Altis now becomes the first Jersey-based hedge fund manager to open an office in Hong Kong.
“This is excellent news for Jersey” said Zhaoan Li, head of Greater China Business Development for Jersey Finance.“Since the establishment of Jersey Finance’s Hong Kong office a year ago, we have been tirelessly promoting Jersey’s finance industry in Hong Kong and China. Altis Partners’ new office demonstrates a growing tie between Hong Kong and Jersey, and strong demand for Jersey’s financial products and services.”
Altis Partners trades more than 160 exchange-traded futures markets globally, including many markets within Asia-Pacific, using a proprietary trading system. The Altis trading system makes automated trading decisions based on sophisticated forecasting and robust risk management techniques. It is designed to identify opportunities and deliver strong performance in a variety of changing market conditions. The Altis trading platform is automated from start to finish. An experienced team of operations and trading professionals oversees its operation around the clock.
A key function of AP(A)L will be to oversee trading operations across the markets of the Asia Pacific region. Hong Kong staff will supervise trading in Sydney, Tokyo, Seoul, Hong Kong and Singapore markets, enabling them to quickly identify and resolve issues, and ensure highest levels of accuracy.
“This is an great time for Altis to open an office in Hong Kong”, said Robin Duxfield, COO of AP(A)L. “Many Asia-Pacific economies are growing strongly, with increased volume and liquidity in their futures markets. Having a local presence allows us to improve execution of our existing trading program and develop relationships to research new opportunities”.
AP(A)L will also provide a base for supporting Altis’s existing client base, and addressing the growing interest in managed futures from investors in the Asia Pacific region.
“For a long time we have wanted to offer more on-the-ground support to our investors in the region, as we are painfully aware that the fly-in, fly-out model does not offer a good basis for a real personal relationship,” said Natasha Reeve Gray, one of the founding Principals of Altis Partners. “A permanent base in Hong Kong will enable us to show the commitment that we think this region requires.”
Altis currently manages around $1.5 billion of client assets for some of the world’s most prestigious financial institutions. Its flagship Global Futures Portfolio has delivered annualised returns of 19.6% over its nine-year track record, performing particularly well in the bear equity and commodity markets of 2008. In addition to Jersey and Hong Kong, Altis has an office in London.
Contact: Robin Duxfield
T. +852 22797 101