FRM Capital Advisors Seeds its First Asia Focused Hedge Fund

LONDON and HONG KONG, October 5 /PRNewswire/ -- FRM Capital Advisors
("FCA"), the seeding division of Financial Risk Management ("FRM"), has
entered its first strategic relationship with an Asian hedge fund.
FCA will make a significant investment in the first fund to be launched
by Isometric Capital Management ("Isometric"), owned and managed by Sanjiv
Bhatia, the former head of Deephaven Capital Management's Asia office.
The fund will use a fundamental research strategy to identify investment
opportunities in Asian companies where it can identify a catalyst which will
drive investment returns. The fund will invest predominantly in equities
although positions will range across the capital structure. The fund is
expected to launch at the beginning of December with between $50m-$75m of
assets under management.
Neil Mason, CIO, FCA says: "This deal reinforces the global nature of
FCA's business and is the first investment we have made outside of the US and
Europe. Asia is an important focus in our manager research. Asian economies
have shown their strength and there are numerous market inefficiencies that
hedge funds can profit from. The industry has grown significantly in recent
years and there are a number of high quality managers with interesting
investment strategies.
"Sanjiv has consistently demonstrated his ability to run a successful
portfolio within a robust risk management framework and with FCA's support he
will be able to build a successful alternative investment business to the
benefit of his investors, his team and FCA's investors."
Sanjiv Bhatia, CIO, Isometric, says: "As a new hedge fund, this major
investment by FCA allows us to focus all our energies on operational
excellence and generating high quality returns for our investors.
"Asian markets are changing constantly, with periods of significant
volatility, as well as opportunity. Our holistic approach to fundamental
research across the entire capital structure, combined with a long investment
history and solid risk management, allows us to have low correlation to
markets and protect against downside volatility whilst capitalizing on
opportunities for our investors.
"This strategic relationship with FCA is a major endorsement of the
investment principles and business ideals of the people at Isometric."
Isometric is the third seeding deal announced by FCA in the past four
months having previously agreed strategic relationships with JD Capital and
WestSpring Advisors.
FRM Capital Advisors (FCA):
FRM Capital Advisors is a division of Financial Risk Management ("FRM"),
a global fund of hedge funds group managing approximately $9bn worldwide for
institutional and other sophisticated investors. FCA makes strategic
investments in emerging alternative investment managers. Additional
information on FCA can be found at http://www.frmcapitaladvisors.com.
Isometric Capital Management (Isometric):
Sanjiv Bhatia is the Founder and CIO of Isometric Capital. Prior to
founding Isometric, Sanjiv spent four years at Deephaven Capital Management
as a Portfolio Manager, responsible for the Asian assets of the Global
Multi-Strategy Fund. Before joining Deephaven, Sanjiv worked for Goldman
Sachs for 12 years in trading and risk management roles in London and Hong
Kong. Sanjiv worked in Convertible Arbitrage, Equities and Derivatives, and
prior to leaving Goldman in 2004, he was Head of Trading in Asia. Sanjiv
holds an MA in Mathematics from Cambridge University.
For further information please contact:
Broadgate PR, Sally Moore or Neema Patel: +44(0)20-7726-6111

Isometric Investment Advisors: Sanjiv Bhatia: info@isometriccapital.com

FRM Capital Advisors: Clive Peggram or Patric de Gentile-Williams:
+44(0)207-7811-4340

SOURCE FRM Capital Advisors

For further information please contact: Broadgate PR, Sally Moore or Neema
Patel: +44(0)20-7726-6111; Isometric Investment Advisors: Sanjiv Bhatia:
info@isometriccapital.com; FRM Capital Advisors: Clive Peggram or Patric de
Gentile-Williams: +44(0)207-7811-4340