Despite only being a listed company since August 2016, our history goes much deeper. In fact, our management team have worked together at other financial institutions for many years, forming close partnerships and highly valuable experience across emerging markets.
Bart Turtelboom, one of the co-founders of APQ Partners LLP, joined the emerging markets sales and trading group at Morgan Stanley in May 2004.
In 2006, he was promoted to co-head of the group, based in London. The group was an integrated unit of around 100 trading, sales and structuring professionals with a presence across local markets in Hong Kong, Korea, Russia, Turkey, Dubai and Brazil. The group facilitated customer flow and was one of the largest principal risk takers in currencies, corporate and sovereign debt in hard and local currency and equities in global emerging markets. In addition to co-heading the global emerging markets sales and trading group, Bart was also responsible for a group of capital market professionals that executed lending and hedging transactions with leading corporations, banks and governments in Eastern Europe, Africa, the Middle East, the Commonwealth of Independent States and Latin America. Overall, this group was a significant contributor to Morgan Stanley’s revenue.
In autumn 2008, key partners of Morgan Stanley’s emerging markets group joined GLG Partners in London and took over the management of GLG’s emerging markets funds from November 2008 onwards. In the years that followed, the team managed Cayman-domiciled funds, UCITS-compliant funds as well as large managed accounts for investors in Japan, Europe and North America. Though individual mandates varied, the overall investment ethos was based on a premise to offer investors risk-controlled exposure to emerging markets globally. Click here for our track record.
In January 2013, the team founded APQ Partners LLP, an emerging markets asset management boutique based in London. The APQ Alexandria Fund, a Cayman-domiciled fund was launched in May 2013 with a mandate to invest in equities, corporate debt and government debt and currencies in emerging markets globally. This entity now functions as a wholly-owned subsidiary of the Company. Our last factsheet from July 2016 can be found here. For our audited financials, see here.
On 11 August 2016, APQ Global Limited was listed on the International Stock Exchange and was shortly thereafter admitted for trading on the London Stock Exchange’s AiM market. APQ Global’s key objective is to generate sufficient income in the portfolio through Emerging Markets to retain a healthy dividend yield (currently targeting 6%).
In February 2017, APQ launched its International Advisory Council, comprising a geographically spread group of emerging markets specialists. The purpose of this advisory body is to assist the management of APQ by providing valuable insights and market intelligence from around the world. The members are remunerated by a mix of retainers and discretionary payments awarded for making positive contributions to APQ’s global business strategy. APQ also anticipates that the creation of the council and the deep industry contacts that its members bring will help to raise the market profile of the company.