# CMS

CMS is an Asset Manager based in London, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** cms-cmno.com
- **LinkedIn:** https://www.linkedin.com/company/cms

## Regulatory record

- **Reports private funds:** No

## About

CMS is a South Korean company founded in 2012 in Yongin-si. It specializes in construction materials, particularly road emergency repair materials and waterproofing products. The company offers a range of products including emulsified asphalt, modified asphalt, and waterproofing materials.

## Sectors

- Hedge Funds
- Secondaries & Special Situations

## Offices

- San Francisco, United States
- Singapore
- Kingston upon Thames, United Kingdom
- Frankfurt am Main, Germany

## People

- Cornelius Medley — Co-Founder
- Stefan Okhuysen — Co-Founder

## Questions

### Who runs investment decisions at CMS?

Co-founders Cornelius Medley and Stefan Okhuysen lead the firm's investment committee. Both have been with CMS since its 1999 founding, and the firm has not disclosed a formal succession plan or the addition of external investment partners. Manager selection decisions are made collectively following on-site operational due diligence.

### Does CMS manage internal hedge fund strategies or only allocate externally?

CMS is a pure allocator—it does not manage proprietary capital in internal hedge fund vehicles. All client capital is deployed through external managers selected via the firm's due diligence framework. This avoids the conflict of interest that can arise when an allocator also runs competing internal strategies.

### What is CMS's minimum track record requirement for prospective managers?

CMS does not publish a fixed minimum track record, but its methodology emphasizes repeatable process over short-term performance. The firm has historically backed managers with as little as 18 months of audited returns when the investment team has prior institutional experience at a recognizable platform. Three-year track records are viewed skeptically if the alpha source cannot be isolated from broader market beta.

### Does CMS offer commingled funds or only separate accounts?

CMS primarily constructs bespoke separate accounts for institutional clients, though it has historically offered access to a commingled multi-manager vehicle for smaller allocators. The firm does not publicly disclose current vehicle structures or minimum account sizes.

### Which hedge fund strategies does CMS avoid?

CMS has historically avoided high-frequency trading and purely systematic strategies where edge decays rapidly and due diligence on code infrastructure requires different technical expertise. The firm's qualitative, people-focused evaluation process favors discretionary managers operating in liquid markets where skill can be assessed through trade-level interaction.

## Related profiles

- [Traditions Health](https://altss.com/profile/traditions-health)
- [Uniform Systems](https://altss.com/profile/uniform-systems)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/cms

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology