The Hong Kong-based firm received licences from the Securities and Futures Commission (SFC) last month to conduct asset management (Type 9), dealing in and advising on securities (Type 1 and 4) type of activities in the SAR, according to records from the regulator.
Founded in 2018, Glam specialises in providing investment advisory, discretionary management and fund management services in Hong Kong and across the region, according to its website. Its target market includes high net worth investors.
Under its fund management services, the firm will offer two Greater China-focused funds: the Glam Alternative Investments Fund and the Glam-HKCFC MBS Fund. The alternative investments product will invest in mid-market companies that need new financing, while the MBS fund will target investments in asset-backed securities, according to the website.
Besides fundamental and technical analysis, the firm will also integrate ESG factors in its investment process.
FSA sought more information from Glam, but the firm did not reply in time for publication.
The company is led by co-founder Kenny Fok and co-founder and CEO Larry Yeung. Fok is also the CEO of the Hong Kong Capital Finance Corporation, which is a financial services company that focuses on the organisation, acquisition and securitisation of residential and commercial mortgage loans and other assets across Asia. He is also the CEO for cross-border financial services at Minsheng Bank in Shenzhen.
Yeung was previously the CEO of ZMF Asset Management in Hong Kong, where he set up the investment team that managed assets of around HK$2bn ($250m).
Part of the firm’s management team is Nancy Lee, who is the director for fund management. Previously she worked at Fortune Legendary Asset Management and South China Asset Management.