E Fund HK Named ‘Best Alternative Manager’ at HKCAMA-Bloomberg’s Offshore China Fund Awards 2016
E Fund HK is proud to announce that its Alternative Investments (AI) Division has been named the ‘Best Alternative Manager’ in recognition of its unique business model which results in excellent returns for investors. The 2016 Offshore China Fund Awards event, jointly organized by the Chinese Asset Managers Association of Hong Kong (HKCAMA) and Bloomberg, was in its second year and aims to recognize outstanding performers among Chinese firms.
“We are honoured to be conferred the Best Alternative Manager title from amongst various Chinese firms. The winning proposition of the team is to provide differentiate alternative investment products to our investors, helping them achieve ideal asset allocation across industries and geographies,” said Mr Yang Xiuke, Managing Director and Head of the Alternative Investments Division, E Fund HK.
E Fund HK’s AI Division was set up in early 2015 to expand the company’s business from its traditional mutual fund focus to cross-border primary markets and buy-out opportunities. With rising demand from institutional and high-net-worth clients, the team focuses on unique areas of the market where huge potential remains.
On the direct investment side, the team invested into Didi Chuxing, China’s largest ride-sharing company. On the buy-out side, the $2 billion Asia Clean Energy Fund (ACE Fund) was established in collaboration with the China Three Gorges Corporation, with the aim to conduct cross border deals in the renewable energy space; whilst, at the same time addressing global environmental issues.
“By leveraging our parent company’s top-notch investment and research expertise, unparalleled network and the backing of its premium brand name and global partners, our team has completed a wide range of high profile transactions during the last year, which have provided our investors with unique deal access and superior investment returns.” Yang added.
The Best Alternative Manager status is conferred on a Chinese asset manager who has expanded their business proactively in the primary market, investing into private equity and generating outstanding returns on a risk/reward basis to clients. The Alternative Manager awards is subject to the ratings given by a panel of judges, which consists of representatives from funds, insurance and securities companies, as well as the Bloomberg team.
About E Fund Management (Hong Kong) Co, Ltd.
E Fund Management (HK) Co., Ltd (“E Fund HK”) was officially established in 2008 and is licensed by the Securities and Futures Commission of Hong Kong to conduct Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities. As a premier global business platform for E Fund Management Co., Limited (“E Fund”), E Fund HK has a subsidiary in New York, and listed several RQFII ETFs and RQFII/QFII public funds, at six stock exchanges across the US, Europe and the Asia-Pacific. Its award-winning products have been recognized by leading institutions such as Morningstar, Lipper, AsianInvestor and Benchmark for their strong performances relative to peers.
E Fund, the parent company of E Fund HK, was founded in 2001 and headquartered in Guangzhou. It has branch offices in Beijing, Guangzhou, Shanghai, and subsidiaries including E Fund HK and E Fund Asset Management Co., Ltd. E Fund has grown tremendously to become one of the largest fund management corporations in China with assets under management RMB 964 billion* (including E Fund HK and China subsidiaries). It is licensed to cover a full spectrum of asset management services in China including, public funds, national social security fund, corporate annuities, discretionary accounts, QDII, QFII and RQFII. E Fund passed the independent verification of the Global Investment Performance Standards (GIPS) in August 2014, signifying an important step forward to become more internationalized with unified performance reporting.
Capitalizing the investment and research ability of E Fund, E Fund HK maintains three investment research teams, each specializing in RQFII/QFII, overseas and alternative investment. Integrated with E Fund’s global expansion strategies, E Fund HK is committed to providing quality asset management services for onshore and offshore investors in Greater China and US ADR markets. Via the construction of a global-facing asset allocation platform, E Fund HK serves as a window to investors in China for asset allocation exposures all over the world.
* as of 31 Dec, 2015
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