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Quaero brings `family enterprise’ fund to Asia

Geneva-based asset manager Quaero Capital is bringing to Asia its specialist fund that invests in European companies with family shareholders.

The Family Enterprise Fund will be sold in Asia through third party fund distributor Peak Capital, according to a joint statement from Quaero and Peak.

“The [Family Enterprise Fund] has tapped into the natural empathy that family offices here in Asia have toward the highly successful and sustainable businesses that families in Europe have developed over many decades,” Mike Smith, a director at Peak Capital, said in the statement.

Peak Capital will be distributing the fund to private banks, wealth managers and institutional investors in the region, Simon Powell, Peak Capital’s Hong Kong-based managing director, told FSA.

The fund invests in small- and medium-sized European companies that are listed but still partly-owned by family shareholders. It is a Luxembourg umbrella Sicav Ucits fund managed by Marc St John Webb and Philip Best, and registered for distribution in Luxembourg, France, the UK and Switzerland.

Besides the Family Enterprise Fund, Peak Capital will also be offering Quaero Capital’s Yield Opportunities Fund, a global emerging markets fund managed by Robert Lloyd George, and an infrastructure fund managed by Mark Ebert.

Quaero Capital, founded in 2005, is a Geneva-based specialist fund management firm with CHF600m ($589.6m) in assets, according to information on the company’s website.

Peak Capital, based in Hong Kong, specialises in introducing professional investors in Asia to specialist fund managers.

Part of the Mark Allen Group.