Legends China Fund

  • The principal investment objective: Maximise the return of investors while minimising the volatility of the value of the investment portfolio by employing a long / short strategy.
  • Undertake an events driven approach and apply fundamental research on a bottom up basis.
  • Primarily invest in public and private securities of companies (including but not limited to Chinese companies and global / regional companies) which are located in the PRC or derive a predominant part of their income and / or assets from the PRC and/or benefit from economic growth of the PRC.
  • The markets the fund may invest include, but is not limited to, the PRC, Hong Kong, Taiwan, Singapore, and the US.
  • The fund may invest in options or futures which benefit from the economic growth of the PRC or are economically impacted by the PRC, either for the purpose of investment or hedging.

Investment Philosophy

  • On top of the robust China economic and corporate earnings growth, market inefficiency provides us with opportunities to ride on the overlooked but excellently managed companies at lower costs.
  • In Legends, our investment strategy comprises both Event Driven and Value Investing elements to balance the upside return and downside risk.
  • Event Driven approach: Company re-rating can be achieved through share price catalysts from different events. As such, spotting share price catalysts ensures us enjoying returns higher than simply benefiting from organic corporate earning growth. => A higher upside potential.
  • Value Investing approach: A portfolio with companies having strong fundamental and value support can protect us from severe market conditions => A stronger downside protection.
  • An effective investment strategy combined with a disciplined investment process and risk control will deliver superior excess returns over the long run.

Investment Process

Inverstment Process


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