SAGM Alternative Investment Arm To Market Hedge Funds In Hong Kong

by Carla Johnson, Investors Offshore.com

28 February 2006

Societe Generale Asset Management Group is looking to grow its Asian business with the establishment of a dedicated team of hedge funds specialists in Hong Kong, who will work alongside its existing structured products group.

“Asia is a growing part of our structured products and hedge funds businesses," noted Philippe Brosse, CEO of SGAM Alternative Investments, the French bank's Paris-based fund management arm.

SGAM AI revealed in a statement released last week that the new team will be headed up by Christophe Lalo, who has relocated from Paris to take on the role of regional head of sales and marketing, hedge funds, for Asia Pacific.

Jackson Chan, Director, will assist Mr Lalo as Senior Hedge Funds Sales Manager. Formerly, Mr Chan was the Vice President of the family office of SAIL Advisor Ltd, where he developed the firm's funds of hedge funds.

"These initial recruitments are the very first step to creating a strong franchise in Asia,” added Mr Brosse.

SGAM Alternative Investments is a wholly-owned subsidiary of SG Asset Management. As at 31 December 2005 the company managed EUR36 billion in assets. Meanwhile, SGAM AI Hedge Funds Group managed EUR 5.6 billion through funds of hedge funds, single strategies and multi-strategy products at the end of 2005 and the SGAM Group as a whole manages EUR46 billion in alternative assets.

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