Wealth & Finance International - Fund Awards 2016

Fund Awards 2016 28 Changjiang Asset Management Asset Manager of the Year 2016 - Greater China & Best Long/Short Hedge Fund (1 Year): Changjiang Absolute Return China (Cayman) Fund Changjiang Asset Management (Hong Kong) Limited [CJAM] is an asset management firm fully licensed by the Hong Kong SFC. We invited Alan Fung to tell us more about the firm and how it aims to offer the best possible returns to investors. Company: Changjiang Asset Management Name: Alan Fung Address: Suite 1908, 19/F, Cosco Tower, 183 Queen’s Road Central, Hong Kong Phone: (852) 2823 0333 Email: [email protected] Website: http://www.cjsc.com.hk/en CJAM focuses on the Asian equity markets with a bias towards the Greater China region. Positioned as an expert in equity investments, the firm have been expanding its investment scope, in particular into the convertible bonds, a new focus which has seen the firm launch its first private equity fund. Alan outlines CJAM’s service offering in greater detail and explains how its expertise helps ensure that clients receive risk averse returns. “Here at CJAM, we provide both investment and cross-border portfolio management solutions to investors ranging from high net-worth individ- uals to institutional investors. Currently we offer very niche investment funds that are privately placed amongst selected investors within our distribution network. These funds are mainly absolute-return focus, investing in the Hong Kong bourse. We take both the top-down and bot- tom-up approaches when it comes to risk management, and the result has been satisfying so far.” In the Asian investment market currently professional investors based in the Greater China region are facing a changing macro environment, which for those in Hong Kong is particularly challenging, as firms need to gauge accurately the next moves of major central banks in order to be better positioned to take advantage of anticipated market move- ments. Alan believes that flexibility is key to surviving this market and coming out on top. “Asset management firms need to be more adaptive to a changing environment both in terms of regulatory and macro economical. Our clients need expert support and advice for them to make longer term investment decisions and only an asset management firm that has the capabilities and experience to deliver such expert service will prevail over the longer run. “Therefore, at CJAM we make sure that our team are well-versed in global key changes and the subsequent impacts that we would see. We have segregated internally to develop specific skill sets so each member of staff has a specific area of expertise, and together we as a team are more dependable and able to support each other where needed.” Staff are clearly a vital asset to the firm, and CJAM adopts a pragmatic approach when it comes to staffing, choosing staff who are eager to perform and have the potential to improve in their own capacities. The same can be said when it comes to investors, and the firm have a clearly defined objective for each investor which they communicate and agree with them to ensure that they are both working to the same aim. “Through this approach we can be sure that the investor is with us on every step that we take in the future”, Alan explains. “It is this commit- ment to supporting our investors which sets our firm apart. We do things from our clients’ perspective, and we dare to be different when it comes to making market call or going the extra mile to help our investors.” Looking ahead, Alan is optimistic about the future, both for CJAM and the wider financial industry in Asia. “Ultimately we believe this is one of the best time to be in the asset management industry in this part of the World. With all major global crises being more or less resolved or handled, leading global economies are seeing modest growth and interest rates still at reasonable levels, and as such expert investors will have more investment vehicles and strategies that will allow them to make tremendous long-term profits. “In order to take advantage of this economic stability we are looking to move into new classes of investment such as private equities and convertibles in the Asian region going forward. We will also consider launching Asian equity fund with a Greater China bias, something that is not common in the current product space and will allow our firm to further diversify and better support our clients.” LA16044