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Altis Partners, a Jersey-based Commodity Trading Advisor (CTA), today (November 3) celebrated the official opening of its Hong Kong office, Altis Partners (Asia) Ltd (AP(A)L). The Hong Kong office is the company's first outside Europe and it demonstrates the growing ties between Hong Kong and Jersey, and strong demand for Altis' financial products and services.
Altis Partners trades in more than 100 exchange-traded futures markets globally, including many markets within Asia Pacific, using a trading platform that is automated from start to finish and a team of operations and trading professionals that oversee round-the-clock trading.
A key function of the Hong Kong office will be to direct trading operations across futures markets in the Asia-Pacific region. Hong Kong staff will supervise trading in Sydney, Tokyo, Hong Kong and Singapore, enabling them to quickly identify and resolve execution and reconciliation issues, and ensure the highest level of accuracy. The Hong Kong office will also serve as a base for supporting Altis' existing clients, and address the growing interest in managed futures from investors in the region.
Chief Operating Officer of AP(A)L, Mr Robin Duxfield, said, "This is a great time for Altis to open an office in Hong Kong. Many Asia-Pacific economies are growing strongly, with increased volume and liquidity in their futures markets. It's the first time a Jersey-based hedge fund has opened an office in Hong Kong. Having a local presence allows us to improve execution of our existing trading programme and develop relationships to research new opportunities."
One of the founding Principals of Altis Partners, Mrs Natasha Reeve-Gray, said, "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 personal relationship. A permanent base in Hong Kong will enable us to show the commitment that we think this region requires."
Director-General of Investment Promotion at Invest Hong Kong, Mr Simon Galpin, welcomed the establishment of AP(A)L in Hong Kong. He said, "It is exciting to see more and more financial services companies setting up their offices in Hong Kong to access the booming Asia-Pacific economies. Hong Kong is at the heart of Asia and we are the gateway to Mainland China, the second largest economy in the world. Our enduring advantages and easy access to Asia Pacific markets are key reasons why financial institutions choose to base their offices in Hong Kong. I wish Altis Partners every success in the region and look forward to assisting them during their expansion here."
About Altis Partners
Altis Partners (Jersey) Ltd was established in London in 2000 and has been based in Jersey, Channel Islands since 2005. Altis currently manages more than US$1.5 billion of client assets for some of the world's most prestigious financial institutions. Its Hong Kong office, AP(A)L, is licensed by the Securities and Futures Commission. Altis Partners (Jersey) Ltd is regulated by the Jersey Financial Services Commission, a member of the National Futures Association and registered with the US Commodity Futures Trading Commission. For more information, please visit www.altispartners.com .
About Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas, Mainland and Taiwanese businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As it celebrates its 10th anniversary, Invest Hong Kong has completed over 2,000 investment projects creating over 25,000 new jobs in the first year of operation or expansion and HK$52 billion of investment. For more information, please visit www.investhk.gov.hk .
Ends/Wednesday, November 3, 2010
Issued at HKT 17:23
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