AIMS Hires Humphrey Carey

By Rupert Lee / MARHedge.com

Aug-14-2006 - AIMS Asset Management, the only hedge fund firm of note in
Malaysia, is expanding with the appointment of Humphrey Carey to manage the
firm's Floreat Fund starting in September. The firm has also seen its assets
under management rise from US$140 million in early 2005 to US$250 million at
present.

The Floreat Fund invests in Asia/Pacific equity markets, focusing on
mid/small cap stocks on which limited sell-side research is available.

Carey, who was previously head of emerging markets for F&C Asset Management
in London, has been managing Asian money since 1981 out of London, Hong Kong
and Sydney.

AIMS was founded in 1982 by David Crichton-Watt, and at one time counted
George Soros as a client. The firm relocated to Malaysia in 1996 just prior
to the handover of Hong Kong to China.

Interestingly, the Asian financial crisis began a year later, and saw
Malaysia's then-prime minister rail against hedge funds and Soros in
particular over their alleged roles in causing the region's currency, stock
and property markets to collapse, in some cases by 70% over a year.

However, the firm has flourished in the country and is currently managing
its Phoenix Gold Fund, Floreat Fund, AIMS Absolute China Fund and AIMS
Absolute Asia Fund. It employs five investment managers/advisors, one
compliance/risk manager and four support staff.

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