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In this month’s newsletter:
• New Stakeholders
• SBAI Survey
• New Publication: SBAI Toolbox Guidance for Chinese Onshore Alternative Managers moving Offshore
• Annual Report 2020
• Save the Dates
• Upcoming Events
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New Stakeholders
The Standards Board is delighted to welcome a new addition to the SBAI family.
Signatories
- Hel Ved Capital Management Limited (Hong Kong)
- Pinpoint Asset Management Limited (Hong Kong)
- Y2 Capital Partners Limited (Hong Kong)
SBAI Survey: Last Chance to Contribute!
We recently circulated a survey to our stakeholders to share your views on the SBAI and its activities. We would be grateful if those of you, who have not completed our survey yet, could provide feedback using this link.
As part of the SBAI community, we value your opinion and are constantly looking for ways to improve the value we can add to you and your organisation through our events, content, and initiatives. Every opinion counts.
New Publication: SBAI Toolbox Guidance for Chinese Onshore Alternative Managers moving Offshore
Access for global institutional investors to Chinese onshore managers can be challenging for several reasons including the different regulatory and operational environments. Chinese onshore managers may therefore choose to expand their operations offshore to be able to distribute their products more efficiently to global allocators and Hong Kong and Singapore are typical destinations for offshore expansion for Chinese managers. There are important considerations when selecting a new jurisdiction. Managers need to understand both the regulatory framework, operational expectations, and practical differences including office space and talent acquisition.
Our Toolbox memo provides an informational guide to these considerations including:
Comparison of Regional Practices:
Asset managers looking to operate in a new jurisdiction for the first time have several areas that need to be understood and compared. This includes the regulatory environment, operational practicalities, and any restrictions on investment strategy. The memo provides a high-level comparison of these areas in China versus offshore locations in Hong Kong and Singapore.
Key Regulatory Differences:
One of the key differences between various financial jurisdictions is the regulatory environment. Key differences include regulatory supervision and enforcement, and the types of licences and registrations that are required. Key differences discussed in the memo include regulatory authorities, regulatory rules, additional regulatory requirements, licencing requirements, and distribution and marketing rules.
Starting an Offshore Asset Management Business:
Practical considerations such as office space and rental, talent pool, and the financial services ecosystem.
The full memo can be accessed on our China Toolbox website here.
Annual Report 2020
The SBAI has published its 2020 annual report. The report contains the highlights of our activities in 2020, detailed information on our new publications and initiatives, as well as new stakeholders. Please click here to download it.
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Save the Dates
The SBAI is delighted to announce its upcoming events in the 2021 Autumn season. Please save the dates below. Invitations with detailed agendas and speaker information will be sent in due course.
SBAI APAC Forum
8-9 September 2021
Join industry leaders from Albourne, Balyasny, CDPQ, CPPIB, GIC, HKMA, OTPP, Perseverance, Springs Capital and many more. This year’s APAC Forum is supported by the Hong Kong Monetary Authority and in partnership with J.P. Morgan. It includes important and topical discussions on Alpha in the APAC Region, Responsible Investment, and Bridging the Gap Between China Onshore Managers and Offshore Investors. Please click here to register.
SBAI Annual General Assembly
6 October 2021
Industry leaders will be discussing topics, including Family office and Endowment priorities and perspectives and the changing face of risk management. We are pleased to announce that in addition to virtual access, SBAI stakeholders will be able to join us in person for panels, networking and roundtable discussions.
Private Markets Operational Leaders’ European Summit
18-19 October 2021
The SBAI is delighted to collaborate with this new event designed for COOs, CFOs and senior finance and operational leaders across Europe. Maria Long, our Research and Content Director, will be speaking about culture & diversity on a panel "Creating a World Class Team. This in-person event will be hosted at The Four Seasons Hotel Hampshire. Please click here for additional information.
Upcoming Events
- 8-9 September 2021: APAC Forum (virtual and in person)
- 6 October 2021: London, Annual General Assembly (virtual and in person)
- 2 December 2021: Montreal, Annual Institutional Investor Roundtable
More events will be confirmed in due course.
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Hel Ved Capital Management Limited
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Hel Ved Capital Management Limited (“HVC”) is an asset management firm established in 2019 to focus primarily on Asia driven technology, media, communications, and consumer discretionary companies, and selectively in companies adopting technology in other sectors. HVC is headquartered in Hong Kong and regulated by the Securities and Futures Commission of Hong Kong. HVC launched its first TMT long short equities fund in January 2020 and has a team of 13 people. It invests in both public equities and private investment opportunities.
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Pinpoint Asset Management Limited
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Founded in 1999 by Mr. Wang Qiang in Shanghai, Pinpoint Asset Management is one of the oldest brand names in China’s hedge fund industry. Over the past two decades, Pinpoint has grown into an Asia-based, global reach hedge fund with employees in Hong Kong (HQ), Shanghai, Mumbai, Tokyo, and Singapore. Beginning with China equity more than 20 years ago, Pinpoint also pioneered multi-manager strategies in China and Asia by successfully building a team of risk takers for on its platform vehicles. Consistent alpha generation while preserving investor capital is our unwavering principle, which has been time-tested and proven through various market cycles.
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Y2 Capital Partners Limited
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Established in 2020, Y2 Capital is a Hong-Kong based asset management company. Founder and CIO, Lei Fu, spent 13 years at Sculptor Capital (f/k/a Och-Ziff) making fundamental equity long/short investments and building its Greater China business.
Y2 Capital Partners Limited adopts a pan-Asia ESG-integrated fundamental equity long/short strategy with a focus on Greater China. The firm looks to seek ESG delta by identifying ESG improvers and utilize responsible & tactical shorting on ESG detractors. Y2 seeks to achieve consistent risk-adjusted returns within a responsible investing framework.
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