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Ascalon eyes partnerships with new appointment
Ascalon Asia has appointed Andrew Hutson, formerly of GAM Hong Kong, as investment specialist to expand its partnerships and build on six months of growth in the Asian hedge fund space.
Hutson will team with Ascalon Asia's chief investment officer Chuak Chan to manage business development and investor relations in Asia, Europe and the U.S. for Ascalon partner firms.
Hutson, who previously managed allocations to Asian hedge funds for GAM, is charged with sourcing new Asian-based asset management partners and assisting in raising capital for partners.
Chan said Ascalon had gained a lot of ground in the last six months, forming two new hedge fund partnerships and receiving approval for a Hong Kong Securities and Futures Commission type 1 licence enabling it to deal in securities.
Chan said Hutson's experience, technical knowledge and regional insight would be valuable resources in assisting partners with raising new capital and also in contributing to new partner selection.
Ascalon head of business development Jason Collins said the appointment would add weight to Ascalon's Asian-based partners and Australian affiliates, who have grown domestically but are yet to break into overseas markets.
"We believe the appropriate resourcing in Asia is key to helping our partners grow their Asian and European investor base," he said.
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