Rooney Gallagher Private Equity Partners LLC. Announces Details Of Their New Fund

Dec. 9, 2010 - PRLog -- Rooney Gallagher Private Equity Partners LLC, say 2011 will mark a special year in their 25 year history and today announced the details of the first two investment funds to be managed by its investment team. The two funds, Premier R & G Asia-Pacific Equity Fund and Premier R & G South East Asia Equity Fund, are launched under an open-ended investment company umbrella structure a first for Rooney Gallagher.
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The Asia-Pacific fund management team, led by Wong Leung Fu, will oversee the portfolios, with Haley Petterson managing Asia-Pacific and Jeffery Lim managing South East Asia Equity. Mrs. Petterson and Mr Lim and Roy have worked together for more than eight years at Rooney Gallagher, winning many awards for investment management during that time. This tightly-knit team with 96 years’ combined investment experience has delivered excellent performance since Lim took over responsibility for Rooney Gallagher investments in the region in April 2005. Since then, the Asia-Pacific portfolio has delivered total return of 38.2%,outperforming its benchmark by 12%, and the South East Asia portfolio has delivered total return of 39.6%,outperforming its benchmark by 11.2% (as of 30 September 2010). (Past performance is not a guide to future performance).

The new funds are targeted at retail and institutional investors. The A Class shares, intended for retail investors, have an initial charge of 5% with an annual management charge of 1.25%, plus a performance fee for out-performance over benchmark. The I Class shares, available to larger investors who invest a minimum of £1 million, have no initial charge, and an annual management charge of 0.75% plus a performance fee. However, investors who subscribe to the two new funds through Rooney Gallagher’s financial services business, will have a unique opportunity to benefit from the I Class rates normally available only to institutional and other larger investors, and they will pay no initial charge. Through a Rooney Gallagher Trust Savings plan, these customers can invest from as little as £150 in a fund. Purchase dealing charges will also be waived for these customers when they buy either of the two new funds before 31st of March 2011.

This dealing charge is normally £15 for a daily purchase or £7.50 for a weekly purchase. The Asia-Pacific equity fund will be benchmarked against the FTSE All World Asia-Pacific index, while the South East Asia equity fund will be benchmarked against the FTSE All World S.E Asia index. Both funds are intended to provide investors with exposure to key investment opportunities in Asia-Pacific and South East Asia respectively. The portfolios will have a long-term perspective and will seek out the most promising sectors and, within them, the companies best placed to grow their earnings. The investment process mixes analysis of sectors with painstaking scrutiny of companies, seeking out those stocks whose potential is most undervalued by the market.

Commenting on the new funds, Jeffery Lim, Executive Director of Rooney Gallagher Asset Management (Asia-Pacific) Limited, said: “The case for long-term investment in Asia is now more compelling than ever. The region has transformed itself over the past decade, massively reinforcing the pillars needed to sustain medium to longterm growth such as healthier public finances, broader based economies and better corporate governance.
We believe this region will be the main engine of world economic growth over the next decade and beyond. These new funds will offer investors looking for focused Asia-Pacific exposure an alternative to benefit from the long-term growth prospects from this region.

Excellent stock selection is at the heart of our investment approach. The funds will look to invest in quality companies that are fundamentally undervalued and in the early to mid-phase of super growth cycles. These companies must be well managed and possess a competitive edge or well placed market position which is capable of delivering sustainable, strong earnings growth.”

Commenting on the future of RG Asset Management, Vincent Rooney, Chief Executive of Rooney Gallagher Trust PLC said: “This is only the start for our new company. Over the next 18 months a suite of new products will be created to give investors more opportunities to tailor their investments to their particular needs. This builds on our core offering at Rooney Gallagher Trust by allowing investors to pick and choose more selectively from different regions or levels of risk.

Through the forthcoming suite of funds investors will be able to gain access to our investment expertise, but in a more focused way, and with the level of risk that suits their individual circumstances.” The initial offer period for the two new funds will be from 6 November to 10 November 2006, when fund shares may be subscribed at the initial offer price of £1.50 per share. Both funds will then launch on the 13th March 2011. For more details about buying these funds through a Rooney Gallagher Trust Savings plan, call +353 1513 3071 or visit www.rooneygallagher.com


Background Information

Wong Leung Fu, the Executive Director of the newly launched RG Asset Management (Asia Pacific) Limited, joined Rooney Gallagher as Head of Asia-Pacific in April 2005. He was previously Regional Head of Investment for Asia at Capital Asset Management with overall responsibility for managing assets of $10bn in Japan and Asia for institutional, retail and private banking clients. As Regional Head at Capital Asset Managenent, he carried out the successful merger of three asset management organisations and built a number of asset management businesses around the region. Before then, he was Senior Investment Officer for Citibank Global Asset Management in Asia and New Zealand, responsible for both equity and fixed income investments from 1993 to 1999. Jeffery also spent seven years with Bank of New Zealand Investment Management from 1986,
where he held various positions in both fixed income and equities.


Jeffery Lim is Head of Asian Equities and Senior Portfolio Manager focused on the Asia-Pacific Region based in Hong Kong. In this capacity he is responsible for all equity investments in the Asia-Pacific region. Jeffery has 15 years experience in investment as well as accounting and auditing experience prior to that. Before joining Alliance Trust in August 2005, he was the Head of Equity and Balanced Investments Asia for Citigroup Asset Management where he worked for almost eight years. He worked with Koeneman
Capital Management in Singapore before joining Citigroup. Prior to Singapore, Jeffery was with SBI Funds Management in Mumbai where he managed one of their flagship equity funds. He joined the investment management industry in 1991 with Y.K. Capital Trust in New Delhi. He is a qualified Chartered Accountant from the Institute of Chartered Accountants of India and a Management Accountant from the Institute of Cost and Works Accountants of India as well as a Chartered Financial Analyst.


Haley Petterson has eight years of experience in Japanese equity investments. Prior to joining Alliance Trust as a Portfolio Manager, Haley was an Investment Manager at Bowen Capital Management where she managed South East Asian funds. In addition to his fund management responsibilities she was the primary analyst covering South East Asian companies during her tenure at Bowen. She also covered the Korean market for three years. Before entering the investment management industry, Haley worked as a Project Finance Executive with Hopewell Holdings where she was responsible for the financial and contractual arrangements for a $1.2 billion coal fired power plant. She studied in Japan and the US, and is fluent in Japanese, English and Cantonese. Haley holds a Master in Business Administration from Boston University and a Bachelor of Science from theUniversity of Massachusetts.

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