Investment manager Real Estate Capital Partners' (ReCap) has teamed up with a Hong Kong and a Malaysian business to launch alternative investment fund manager, Quattro Asset Management.
The new firm will be backed by Hong Kong firm Sun Hung Kai Financial and Malaysian property manager the Mulpha Group.
Quattro will be led by ReCap chief executive Andrew Saunders and David Adiseshan.
Adiseshan has been hired as the firm's executive director and previously worked in sales and distribution for Ray White.
"Our long term plan was always to expand to other asset classes using our strong business relationships and expertise," ReCap chief executive Andrew Saunders said.
Quattro's first product to the market is a capital guaranteed product that will provide investors with access to global investment strategies managed by UBS.
ReCap already has a relationship with UBS, following the launch of its Hi Q product in November 2007.
"Given our strong relationship with UBS, we spent more than 13 months working with UBS to develop and build what we believe is a market leading fund.
Funds under the Sun Hung Kai banner will also be distributed through Quattro.
"We recently agreed an arrangement with Sun Hung Kai Financial to distribute their funds in Australia. Quattro provides us with an appropriate platform with which we can do this," Saunders said.
