Apollo Capital is expanding its Asia footprint, and has inked a strategic partnership for the distribution of its funds.
Crypto asset investment firm Apollo Capital will work with fund manager Pilgrim Partners Asia, which will include its funds as part of PPA offerings, the company said in an announcement on Tuesday.
Leading the firm's expansion in the region is Cici Lu, who was recently appointed managing partner (Asia). Lu has over 10 years global markets trading experience across London, Singapore, Sydney, and Toronto, where she built a strong foundation in risk management in traditional finance before entering digital asset space.
Important Market
«Asia is an important market for Apollo and Singapore is fast becoming a regional hub in East Asia,» Apollo managing director Tim Johnston said in the announcement.
«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,» Johnston added.
Founded in 2017, Apollo manages two funds, with around A$150 million ($110.08 million) in assets under management. Its flagship fund has been the best performing fund in the Morningstar database over the past 1 and 3 years, according to the firm.
