Hang Jian exits asset management business, previously involved in some of Asia's few hedge fund companies managing over one billion USD.
2024-11-05 14:34
Zhitongcaijing
After operating for 15 years, Xingjian Asset Management Co., Ltd. will undergo restructuring, and is expected to return capital exceeding $1.6 billion to investors worldwide.
Jiankun Asset Management Co., Ltd. will restructure after 15 years of operation, and is expected to return more than $1.6 billion to global investors. The company's statement on its website stated that the three founders of the company plan to retire from the asset management industry by the end of 2025. To ensure a smooth transition, Jiankun Group will be restructured, with the first step being to return all capital to clients and exit the asset management business.
The company stated that it has maintained a healthy financial position over the past fifteen years. An outstanding team has led Jiankun to achieve several important milestones, including becoming one of the few hedge fund companies in Asia managing over one billion dollars within a few years of establishment, achieving significantly above-average returns in the flagship fund in the retail market since inception, successfully establishing a management system to meet the needs of top global institutional investors, and partnering with leading international financial institutions to conduct retail business in Hong Kong and mainland China.
According to the introduction, Jiankun Asset Management Co., Ltd. is an asset management company established in Hong Kong in 2009. Through original fundamental research and a bottom-up stock selection approach, the company is dedicated to discovering unique investment opportunities in the Greater China market to create outstanding returns.
Jiankun serves global investors, including sovereign wealth funds, private banks, portfolio management funds, family offices, as well as individual investors from mainland China and Hong Kong.
Jiankun Asset Management Co., Ltd. is licensed by the Securities and Futures Commission of Hong Kong to conduct Type 1 (securities trading), Type 4 (securities advisory), and Type 9 (asset management) regulated activities. Since 2020, Jiankun has officially become a signatory to the United Nations-supported Principles for Responsible Investment (PRI), committed to integrating ESG into investment analysis and decision-making.