Sunshine fund Infore establishes presence in Hong Kong

March 05, 2014  

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Shenzhen-based sunshine fund manager Infore Capital, which currently manages CNY5 billion ($813 million) in assets, has gained an asset management license in Hong Kong that will allow it to launch offshore versions of its long/short products. The group received its licence from the Hong Kong regulator in February.

Infore Capital was the result of the merger of two sunshine funds – the listed equity-focused Shenzhen Cowin Investment group and private equity fund manager Infore Capital – into a combined and expanded asset management company in 2012.

Following the merger, the group is now one of the more significant sunshine funds from Shenzhen and manages close to CNY5 billion in assets that are invested either in listed stock or through stakes in private companies.

The firm is understood to be looking to launch an offshore long/short equity fund that will target Chinese and US stocks. The portfolio will be managed by Zhu Ming, the firm’s CIO for its overseas division.

Zhu has been with Infore Capital since 2009. He was at Shenzhen Cowin Investment before it was merged with Infore Capital in 2012. He has been managing several investment funds at Infore with an aggregate $100 million in assets.

The funds invest in securities and futures and uses long/short hedging strategies to generate consistent absolute returns. Zhu previously worked at Shenzhen Everyoung Capital as a fund manager, where he was also the head of research for more than two years.

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