OPIM Partners with Hongcheng Capital to Launch Offshore Fund
HONG KONG, July 27, 2020 /PRNewswire/ -- OP Investment Management ("OPIM"), Asia's leading fund platform, is partnering with Beijing Hongcheng Capital Co., Ltd. ("Hongcheng Capital") to launch its first offshore fund named HC Capital (the "Fund"), which is Cayman-domiciled and for professional investors only.
Managed by Mr. ZHANG Tao, the long-biased fund will invest in China-related equities listed in China, Hong Kong as well as ADRs in the United States. Target long-term absolute returns, the Fund leverages on the evinced multi-thematic strategy from the team's onshore flagship product, which combines dynamic sector rotation with bottom-up stocks selection analysis.
Established in April 2015, Hongcheng Capital grows rapidly and manages over 8bn RMB AUM onshore by 2020.
Mr. ZHANG Tao, the Founder and Investment Director, 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 obtained his bachelor's degree in Mechanical Engineering from Nanjing University of Technology and the master's degree in Financial Engineering from Fudan University.
"Quality China companies demonstrated their profit potential and ability in creating shareholder value amid economic restructuring. Along with the open 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 resiliency in different market environments. We believe now is the time to invest in China equities. We look forward to the offshore vehicle and are confident to achieve a respectable risk-adjusted return for investors," Mr. ZHANG Tao explained.
Alvin Fan, Chief Executive Officer of OPIM added, "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's launch."
About OP Investment Management Ltd.
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 Investments Ltd. (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 the Oriental Patron Financial Group
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.
About Beijing Hongcheng Capital Co.,Ltd
Established in April 2015, Hongcheng Capital is a registered fund manager under the Asset Management Association of China (AMAC) which focused on secondary market investment. Since inception, Hongcheng Capital build 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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