2019: Acquisition by Schroders Co (Asia) Ltd.
The wealth management business of Thirdrock Group is acquired by Schroders & Co (Asia) Ltd. As at 26 April 2019, Thirdrock’s employees, including its Client Advisors and Portfolio Managers as well as the existing management team transitioned to Schroders Wealth Management in Singapore.
2018: Business Expansion and Growth
Thirdrock expands its investment and operational capabilities and reached staff strength of circa 50. The same year, Thirdrock grew its AUM to $3 billion.
2016: New Strategies and Funds
Thirdrock launches PTQ, a multi-strategy quant fund and expands on its DPM offerings with a suite of fixed income strategies and standardised multi-asset discretionary strategies. Thirdrock was also awarded “Best Independent Wealth Manager 2016″ by WealthbriefingAsia.
2015: Continued Expansion
Thirdrock expands its team of client advisers and builds on its multi-asset discretionary portfolio management (DPM) offering with a dedicated equity manager.
2014: Business Growth
Thirdrock forms a strategic partnership with ISSEA Advisory to extend its suite of financial services to include corporate advisory and mergers & acquisitions. The same year, Thirdrock establishes its fund management platform with the launch of the Thirdrock Asian Affluence Fund, a long-short Asian equity fund, and invests into HS Group (former Headland Strategic), a Hong Kong-based hedge fund seeding and incubator platform.
2013: CMS License
Thirdrock Capital is granted the Capital Markets Services (CMS) License by MAS and is thereby licensed under the Securities and Futures Act (SFA) to conduct the regulated activity of fund management.
2012: Doubled AUM
Thirdrock Group moves to Suntec City, and Thirdrock Capital (HK) Ltd (dormant) registered in preparation for potential HK Licensing. In the same year, Thirdrock doubled its AUM.
2011: EFM Status
Thirdrock Capital is granted Exempt Fund Manager (EFM) status with MAS.
2010: Thirdrock Capital Incorporated
Thirdrock Capital PL begins operations at Pickering Street, Singapore, and Thirdrock PL is incorporated as a group holding company.