OP Investment Management, a hedge fund platform, and China’s Qijian Global Investment Management intend to launch the Heqi Global Absolute Return Fund, a Cayman-domiciled product.
OPIM will have an advisory position and Qijian will be the portfolio manager.
The product is available to professional investors only, including the private banking channel serving high net worth investors and family offices, according to a spokeswoman for the firm.
The fund will invest in the China A-shares market, and will aim to “minimise systematic risks by hedging swaps and index futures.
“The strategy’s holding period for equities and futures can range from a few seconds to as long as a few weeks,” the statement said.
The fund is managed by Tianyang Li, who has six years of quant trading and investment experience, according to the statement. Previously he was partner and head of trading at Shanghai Qijian Asset Management, responsible for managing the equities portfolio and supervising the research team.
“Our strategy seeks to minimize market risk due to our shorter holding periods and proprietary risk overlay, including factor controls to protect gains, even in most volatile periods,” Li said in the statement.
In Hong Kong, OPIM runs a platform of smaller funds from local and emerging market managers. According to the firm, strategies include traditional long-only, as well as alternatives such as long-short, macro, and CTA.
The firm manages $1bn in assets, according to a spokeswoman. It also holds a Type 9 asset management licence in Hong Kong.
