written by Stephen Gunnion

Quantitative asset manager PeregrineQuant has linked up with Trident Capital to form a next-generation structure for asset management, it said yesterday.

Trident Capital was the first of a number of principal-partnership relationships PeregrineQuant planned to create with high quality, brand-name fund managers, the group said.

Trident Capital was set up recently by Kimon Boyiatjis, previously head of fixed income at Abvest Associates.  PeregrineQuant is a division of financial services group Peregrine.

PeregrineQuant will combine its IT platform, infrastructure, business model and passive asset management with Boyiatjis's active fixed-income capability.  It said it would offer stand-alone, specialist fixed-income products to the industry, while this capability would also be incorporated into PeregrineQuant's other distribution processes.

PeregrineQuant director Tony Bell said the group was talking to other top-rated portfolio managers to set up similar partnerships.  Discussions would be finalised in the next couple of months.

Boyiatjis said the PeregrineQuant-Trident partnership was the perfect opportunity to start out on his own as he would have a strong business backing his operation.