OP Investment Management ("OPIM"), an Asia’s leading fund platform, announced on 27 July 2020 that it is partnering with Beijing Hongcheng Capital Co., Ltd. ("Hongcheng Capita") to launch the first offshore fund of Hongcheng Capital named HC Capital (the "Fund").
Managed by Mr. ZHANG Tao, the long-biased fund, which is Cayman-domiciled and for professional investors only will invest in China-related equities listed in China, Hong Kong as well as ADRs in the United States. Targeting long-term absolute returns, the Fund leverages the evinced multi-thematic strategy of the team’s onshore flagship products and builds positions based on dynamic sector rotation with a bottom-up stock selection approach.
Established in April 2015, Hongcheng Capital grows rapidly and manages over RMB 8 billion AUM onshore.
Mr. ZHANG Tao, the Founder and Investment Director, who obtained his master’s degree in Financial Engineering from Fudan University, has over 18 years of investment experience in the China market. Zhang was the Managing Director, Investment Committee member, and Portfolio Manager at Harvest Fund Management Co., Ltd. Mr. Zhang earned multiple rewards in his career, including five Golden Bull Awards, four Star Fund Awards, and is the sole winner of the Morningstar Equity Fund Award in 2014.
Mr. ZHANG Tao commented, "Quality Chinese companies have demonstrated their profit potential and ability in creating shareholder value amid economic restructuring. Along with the opening-up of China's financial market, China has become more and more attractive to global investors. Hongcheng Capital’s team and the strategy have survived multiple market cycles and proved its resilience in different market environments. We believe it is the time now to invest in Chinese equities. We look forward to the offshore vehicle and are confident to achieve a respectable risk-adjusted return for investors."
Alvin Fan, Chief Executive Officer of OPIM said, "Hongcheng Capital is a great example of homegrown China pedigree. Mr. Zhang has successfully translated his buy-side experience from Harvest into a leading domestic manager. Allocators globally are rebalancing their books and looking seriously at how to access China’s story through the impending recovery. We’re very excited to be part of HC Capital’s launch."
About OP Investment Management Ltd. ("OPIM")
OPIM is a leading Hong Kong based asset management company established and licensed since 2004 with Hong Kong Securities and Futures Commission (the "SFC") to carry out Type 4 (advising on securities) and 9 (asset management) regulated activities under the provisions of the Securities and Futures Ordinance (Cap.571) (the "HK SFO"). The company is also a member of the Oriental Patron Financial Group and associate of OP Financial Limited (Hong Kong publicly listed 1140.HK). OPIM partners with emerging managers to develop innovative strategies for institutional and professional investors. OPIM’s institutional fund platform attracts both managers and investors from around the world working with the industry’s best business partners in alternative asset management.
About Oriental Patron Financial Group and OP Financial Limited ("OP Financial", 1140.HK)
Founded in 1993, Oriental Patron Financial Group is an independent financial services group based and fully licensed in Hong with the Hong Kong Securities and Futures Commission (the "SFC"). Oriental Patron provides a diverse range of financial securities from Advisory to Investing, Financing to Securities and Research.
OP Financial Limited (1140.HK), listed on the main board of the Stock Exchange of Hong Kong Limited, is a cross-border and cross-sector investment company with strong capability of investment, financing and industry consolidation with portfolio covering listed and unlisted companies in multiple sectors. OP Financial builds its cross-cycle portfolio flexibly based on different holding period and strategy, including long-term core holding, medium-term PE/VC and short-term arbitrage, striving to create diversified and steady returns for shareholders.
About Beijing Hongcheng Capital Co.,Ltd ("Hongcheng Capital")
Established in April 2015, Hongcheng Capital is a registered fund manager under the Asset Management Association of China (AMAC) which focuses on secondary market investment. Since inception, Hongcheng Capital has built an established investment team with an unmatched research system, greatly outperforming market indices sustainably. At present, Hongcheng Capital has cooperated with China Merchants Bank, Ping An Bank, Bank of China, CITIC Securities, CICC and other best domestic channels to provide the best performance and service to investors.
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