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October 13, 2021

Apollo Capital partners with Pilgrim Partners Asia to foray into Singapore

By Verdict Staff

Australian crypto asset investment firm Apollo Capital has partnered with fund manager Pilgrim Partners Asia (PPA) to expand into Singapore.

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  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
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  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
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by GlobalData
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As part of the tie-up, PPA will include Apollo’s funds in its offerings.

The move is expected to help the firm to tap the increasing demand for crypto offering among institutional and private investors across the Asian region.

Apollo’s flagship fund, which was launched in 2018, is said to offer investors exposure to a multi strategy fund.

The Opportunities Fund, which was rolled out last year by the firm, is a market neutral fund looking to capitalise on the inefficiencies within crypto markets.

Apollo managing director and co-founder Tim Johnston said that Asia is an important market for the firm.

“We are excited about helping clients get exposure to crypto assets and illustrating how digital assets can play a small but important role in investors’ portfolios.

“With enormous upside potential and low correlation to traditional assets, there is a very strong argument for a small allocation to crypto assets, and we think a fund structure is the best way to obtain that exposure.”

Commenting on the partnership, Pilgrim Partners Asia chief executive Albert Ee said: “Pilgrim Partners Asia is delighted to work with Apollo on opportunities in new asset classes. We see this as instrumental in our push to develop new solutions for family offices as well as fund-of-funds in the private wealth and corporate treasury space.”

Apollo has appointed Cici Lu to lead its expansion in Asia and manage its partnership with PPA.

Lu has more than 10 years of experience in global markets trading across London, Singapore, Sydney, and Toronto.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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