Tribeca fund manager Jun Bei Liu to step out on her own
The move will see Ms Bei Liu migrate the full $1.5bn from her Alpha Plus fund to a new firm with an as-yet undisclosed name.
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Star fund manager Jun Bei Liu is stepping out on her own, setting up a new fund that will launch in early 2025 with the backing of her long-term employer Tribeca Investment Partners.
Speaking to The Australian, Ms Bei Liu confirmed the move that will see her migrate the full $1.5bn from her Alpha Plus fund to a new firm with an as-yet undisclosed name.
“After being with Tribeca for 19 years, I feel it’s time for me to really step out and set up my own business. With Tribeca’s full support, we’ve negotiated a full lift out of my funds, just under $1.5bn for the new business,” Ms Liu said.
“I’m looking to start early next year, and it’ll be a super-smooth transition. We already have support from major clients and so it’s just business as usual, except the new fund will have more dedicated resources.”
Ms Liu is launching with a business partner who is understood to be very well known in investment circles and will be in charge of distribution. On the investment side, she will launch with two investment professionals on her team, both of whom are also understood to be well known in the industry.
Running the Alpha Plus Fund over the past five years, Ms Bei Liu has grown the fund from $300m to its current $1.5bn in funds under management.
Turning to the investment outlook, Ms Liu said markets should continue to make gains, with the rate-cutting cycle a positive in the near term.
“The sharemarket has already demonstrated it’s resilience. Now we’re into the rate cutting cycle and that usually does mark the beginning of a new bull market. On top of that, we’ve got China stimulating. So it’s a great time to be setting out,” she said.
More to come
Originally published as Tribeca fund manager Jun Bei Liu to step out on her own
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