OPIM to launch direct-access China strategies via strategic joint venture with GROW and RCMCC
HONG KONG, Feb. 6, 2023 /PRNewswire/ -- OP Investment Management ("OPIM"), one of Asia's leading hedge fund platforms, RCM China Consulting ("RCMCC"), and GROW Investment Group ("GROW"), a leading China-focused institutional advisor, have jointly announced that they have entered a tri-party strategic joint venture. The purpose of the joint venture is to provide a one-stop China alternative investment solution. Recently, GROW's localised product design offering has been added to OPIM's and RCMCC's joint platform to bring established PRC onshore strategies directly to institutional investors via managed accounts and direct market access.
The three firms have established investment and compliance infrastructure to deliver cross-border opportunities for offshore investors, to meet the demand for actively managed strategies for the Chinese mainland markets. The demand has increased significantly due to investor optimism for a rebound in the Chinese markets and appetite for actively managed strategies.
Alvin Fan, CEO of OPIM commented "With over 30 years' experience in Greater China, OPIM is taking our award-winning structuring and incubation expertise to help build the most robust and scalable solutions through Hong Kong. It's more than just a license. It's about navigating the evolving regulatory space that comes with market liberalization. With the right ingredients and partners, professional investors can drive uncorrelated returns out of previously untouched markets, such as the commodities futures. PRC regulators recently released 41 new derivative products allowed to be traded by offshore investors via the Qualified Foreign Investor (QFI) license."
"William's (William Ma) track record of identifying alpha drivers and more importantly his bespoke approach to institutional due diligence speaks for itself. More importantly, these resonate with OPIM's values and standards."
William Ma, CIO of GROW, added, "With over 20 years of on-the-ground investment experience in the domestic China market over the cycles, we called the bottom months ago in early Nov 2022 with the "billion-dollar tweet" on the China market[1]. Investors who partnered with us are well prepared to position themselves for the coming run. While the markets have rebounded 50%, we see entry opportunities still for actively managed strategies ranging from Convertible Bond strategies to Commodities Futures. Together with OPIM and RCMCC, we plan to build FoF/MoM product that will tap into the track record of well-established onshore managers who've fared well over this last bear cycle."
Matthew Bradbard, Head of RCM China Consulting stated, "We've been working with onshore investors and Western strategies since 2018. We've identified talented managers both in onshore and offshore markets. Our trader network and investors are thrilled to get access, but we need to ensure scalability throughout the ecosystem. By this, I mean a strategy's edge can be capacity constraint by markets but certainly not by structure."
RCM China Consulting is led by Matthew Bradbard, with over 20 years of experience in the financial markets primarily in the exchanged traded futures space. Bradbard and his RCMCC team have developed an expertise on the Chinese markets through a subsidiary consulting & technology entity incorporated in Mainland China. The team has consulted with investors and traders about China access via WFOE, QFI and TRS programs. To date, nearly 1B RMB of Mainland capital has been invested by Chinese Capital partners, that utilize market signals and data analysis procured by RCMCC. Execution is also handled by RCMCC with their proprietary OMS that has been written to 4 Mainland China Independent software vendors thus far. Bradbard is confident that RCMCC and his team are facing extraordinary growth opportunities.
[1] - https://www.bloomberg.com/news/articles/2022-11-02/how-a-mysterious-china-screenshot-spurred-a-450-billion-rally
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About OP Investment Management Ltd.
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.
For more information, please contact:
OP Investment Management Ltd
Tel: (852) 2916 9233
Fax: (852) 2916 9223
E-mail: info@opim.com.hk
Website: www.opim.com.hk
About GROW Investment Group
GROW Investment Group is a China-based global asset management company backed by reputable financial institutions such as Julius Baer and Lighthouse Partners. The asset manager has 6 offices in mainland China with a team of 40 investment professionals managing over 15 domestic China alternative investment products.
GROW's goal is to capitalize on the robust growth opportunities in the Chinese asset management industry and the continued evolution of China's markets; to become China's leading institutional asset management platform offering a diversified suite of global investment products for Domestic Chinese and Global Investors alike.
GROW invests across the alternative asset classes with a focus on hedge funds and niche alternative investment strategies, with an aspiration to operate at the highest investment, operation, and ethic standards; and to be a leader in driving global best practices. GROW's founder and CIO, William Ma, is the Global board of director of CAIA Association, Standard Board of Alternative Investment (SBAI) Asia Pacific Committee Member and China QDLP approval panel advisor for Shanghai Finance Bureau.
For more information: www.growim.com
About RCM China Consulting
RCMCC is headquartered in Chicago with a branch office located in Shanghai. RCM China Consulting has a subsidiary WFOE JinZhiShang which was established and incorporated in 2018 in Mainland China acting as a gateway for investors and traders desiring China exposure. JinZhiShang collaborates with China MoMs and AMAC PFMs. RCM China Consulting Services is registered as an exempt CTA in the US. JinZhiShang has good standing and is registered as a Consulting and Technology WFOE in Shanghai, China.
For more information: www.rcmalternatives.com
Source: OP Investment Management