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Sinopac to launch Asian equity value fund

SinoPac Asset Management will launch the Accudo Asian Value Arbitrage Fund in early March and has appointed Manuel Schlabbers as the fund manager.

The fund will focus on small and micro-cap companies and will combine value investing with liquidity-constrained arbitrage strategies to focus on under-researched areas of the market.

Schlabbers, who has more than eight years of experience in arbitrage trading at both Morgan Stanley and Credit Suisse, joins the fund house on 1 March.

The company said the long-biased fund is designed to provide investors with superior, risk-adjusted returns.

“The target is to beat the MSCI AC Asia ex-Japan Index by at least 5% per annum over a five year period,” Schlabbers said.

The Accudo Asian Value Arbitrage Fund will start with initial capital from Sinopac, Principal, and third party investors and the fund house expects it to grow to US$30m by the end of 2014.

Established in 1994, SinoPac Asset Management (Asia) is the Hong Kong based asset management and wholly owned subsidiary of SinoPac Financial Holdings.

SinoPac Financial Holdings started trading on the Taiwan Stock Exchange on 9 May, 2002 and has subsidiaries spanning banking, securities, investment trust, call centres, insurance, leasing, and venture capital services.

SinoPac Holdings has assets in excess of TWD$1.3trn (approximately US$43.3bn) and employs more than 8,200 people.

Part of the Mark Allen Group.