Hong Kong Offshore Hedge Fund
Hong Kong seeder preps launch of first offshore A & H-share quant hedge fund
OP Investment Management Ltd (OPIM) has announced a partnership with Charles Wang from Academia Capital Management (Academia) to launch one of Hong Kong’s first A and H-share quant funds for offshore investors, the Academia China Absolute Return Fund.
The Fund will deploy a series of proprietary quant models uniquely adapted to the Chinese Market to generate outperformance. Targeting an initial launch AUM of $100M USD, the open-ended fund is expected to launch in Q4 2016, managed by Charles Wang and his team in cooperation with OP Investment management.
Alvin Fan, Chief Executive Officer of OP Investment Management commented, “Academia’s new fund is among the first wave of A and H-share quantitative strategies through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. It will provide institutional investors with deep access to China under the professional management of a regional team. With over 20-year experience in global quantitative investment space, and especially his recent years investing in the Chinese market, Charles’ track record brings together the best of both worlds.”
Charles Wang, Director and Fund Manager of Academia perceives high opportunity in launching an offshore version of his fund, “I am pleased on the launch and for Academia Fund to be working with OP Investment Management. There is high opportunity for quant funds to thrive offshore.”
Prior to launching is his own fund, Charles held various investment positions at Putnam Investments and Acadian Asset Management in the United States where he was the Director of Research, and Senior Portfolio manager. The emerging markets fund (ticker: AEMGX) he managed won Lipper Best Fund over 10 Years award in 2010.
In 2010, Charles moved back to Hong Kong as CEO of E-Fund Management, where he launched two RQFII funds and led E Fund as one of the most established China fund houses in Hong Kong. In 2012 he joined Bosera Asset Management in Shenzhen as CIO of their ETF and Quantitative Investment Department, managing the largest quantitative portfolios in the industry and the best enhanced index fund in 2014. Charles has also taken several social responsibilities such as being President of The Chinese Finance Association, and being a member of two renowned institutional, professional American networks named The Institute for Quantitative Research in Finance (Q Group) and Chicago Quantitative Alliance (CQA).
Charles received a B.S. in Mathematics from Peking University and a M.S. in Applied Mathematics at University of Massachusetts, and a Ph.D. in Finance from Yale University.
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.