Hong Kong, 19 April 2011 – REYL & CIE, an independent banking group created in 1973, and Samena Capital, a premier investment group focusing on principal investments in the Subcontinent, Asia, Middle East and North Africa (SAMENA), announced today the creation of a joint venture to integrate complementary business resources. This partnership will combine Samena Asia Managers (SAM), Samena Capital’s profitable and established hedge fund seeding business operating from Hong Kong with REYL & CIE’s wealth and asset management expertise and regulated infrastructure to create a high value proposition for their respective client and investor bases.
The joint venture will capitalize on the synergies that emerge by joining the resources of both partners to not only augment the ability of SAM to seed new funds, but ultimately to become a best-in-class asset manager. To this end, SAM will expand its operational and fund infrastructure, run managed accounts and develop bespoke products suited not only to mature European investors but also to HNWI, family offices and institutional players in the fast growing SAMENA region.
Commenting on the joint venture, Mr. V-Nee YEH, Chairman of Samena Capital notes, “Samena Capital provides REYL & CIE with an ideal platform to further their ambitions of penetrating the SAMENA region. In return REYL & CIE offers Samena Capital extensive knowledge in mutual fund management and European distribution with strong emphasis on best-in-class processes and compliance, as well as investment expertise that originates from four decades advising European clients. The powerful combination of intellectual capital and complementary geographies is what makes this partnership truly unique. Samena Capital has on-the-ground presence and unmatched access to investment opportunities across SAMENA through its local network of prominent shareholders and management team. SAM is a true reflection of the strength of Samena Capital’s investment model as reflected by the stable and strong risk-adjusted returns of its flagship vehicle, the Samena Angel Fund. Together, we share the same ethos and our joint venture is proof that niche, dynamic players are those who gain the most in the global value-creation game”.
The CEO of REYL & CIE, François Reyl, points out, “This win-win joint venture will give REYL & CIE a privileged access to Samena Capital’s first-rate investment specialists and network of leading entrepreneurs in a region which is strategic for its development. It will also set the ground for the elaboration of new services and products for the benefit of both partners’ clients and investors. Samena Capital’s innovative investment model combines the knowledge and ideas of its shareholders with that of its investee companies in order to generate long-term value for its investors. This is consistent, yet complementary, with the disciplined, long-term, client-centered approach that underlies REYL & CIE’s wealth and asset management businesses.”
Julius Wang, CEO of Samena Asia Managers concluded, “We are extremely excited to partner with REYL & CIE through the joint venture in SAM. This partnership brings together two of the most rapidly emerging brands in wealth creation and some of the most talented professionals in the industry. This new platform will offer clients unrivaled asset management services and allow them access to the best of both organizations – the combined investment capability, institutional structures and regulatory expertise. Both REYL & CIE and Samena Capital have a culture based on an entrepreneurial spirit, ethics, values and growth prospects. We are excited and committed to intelligently build this new joint venture upon those same values.”
Based in Geneva with offices in Paris, Luxembourg and Singapore, REYL Group manages US$ 4.5 billion in assets across its three distinct and complementary businesses that include wealth management, asset management and private office services. Operating from London and Hong Kong with a research presence in India and Bahrain, Samena Capital currently manages in excess of US$ 400 million across a range of close-ended structures and is in the process of launching its second special situations fund, the Samena Special Situations Fund II L.P with a targeted final close of US$ 700 million. On the whole, Samena Capital’s strategic investments have created substantial value by combining the experience and market knowledge of its shareholders with the considerable investment acumen of the company’s regulated investments advisors in London and Hong Kong and research presence in India and the Kingdom of Bahrain.
Samena Capital Hong Kong Limited is licensed by the Securities and Futures Commission of Hong Kong for the Regulated Activities of Advising on Securities and Asset Management with CE number ATM962.