Arlington Group and Eurekahedge today announced the formation of a joint venture to provide seed capital and support to Asian hedge funds and Asian long-only absolute return funds. Arlington will commit seed capital to the individual funds while Eurekahedge will provide origination, analytical support and the full resources of its globally based capital introduction team (New York, Geneva, Zurich, London, Tokyo, Hong Kong and Singapore). Richard Armstrong, one of Eurekahedgeâs founding partners and Joseph McCarthy, Arlingtonâs Asia-focused investment manager, will jointly be responsible for managing and developing the seeding platform.
"This marks an exciting step in the development of Arlington Group and its target of expanding its interests in Asia," commented Nicholas Barham, Chairman of Arlington Group. "We believe that in Eurekahedge we have found a unique partner with a demonstrable depth of understanding and knowledge of Asian Funds and a proven track record in helping to support and raise capital for start-up funds".
Richard Armstrong says, "Early-stage capital is key to helping funds to develop. The joint venture with Arlington Group complements our existing services in start-up advisory, capital raising and the hedge fund hotel. We are now able to provide the complete platform for funds to set up and grow. We are delighted that Arlington Group has chosen Eurekahedge as its local partner given their teamâs understanding of the alternative investment space and ability to execute quickly on investment decisions".