EQS-News / 08/07/2021 / 11:59 UTC+8
Sun Hung Kai & Co. Launches
SHK Latitude Alpha Fund, with USUSD330m Commitment
Sun Hung Kai & Co. Limited (SEHK: 86) ("SHK & Co.", the "Company") announces the launch of SHK Latitude Alpha, a
multi-manager hedge fund portfolio managed by Sun Hung Kai Capital Partners Limited ("SHK Capital Partners") (CE:
BQL519), the wholly owned funds management platform of SHK & Co. in Hong Kong.
SHK Latitude Alpha is being established with a commitment of USUSD330 million from SHK & Co. through a transfer of the
Company's existing hedge fund portfolio which has been successfully running for four and a half years. The launch of
SHK Latitude Alpha builds upon this multi-year track record of proprietary hedge fund investment experience, which has
demonstrated strong outperformance relative to benchmarks.
The launch of SHK Latitude Alpha follows the Company's capital commitments earlier in 2021 to APAC long/short hedge
fund manager East Point Asset Management, global deep technology venture capital firm E15VC, quantitative hedge fund
manager ActusRayPartners and real estate debt strategy Multiple Capital Investment Partners. It is the next step in
creating a network of partnerships that offers investors access to investment opportunities led by the Company that
build on SHK & Co.'s expertise across the spectrum of alternative investments.
Led by Allen Sing, Managing Director and Portfolio Manager of SHK Latitude Alpha, the strategy has a global mandate
with an Asian bias. A key focus of the strategy is identifying high quality asset managers who generate superior
risk-adjusted returns through market cycles. A substantial portion of the portfolio is allocated to hedge funds
through their founders or strategic classes, or to funds which are now closed to new investment, giving investors
access they could not otherwise obtain. Mr. Sing and the SHK & Co. team carefully designed the fund terms to uniquely
align with the investors' interests.
Mr. Sing said: "SHK Latitude Alpha is about building upon SHK & Co.'s expertise while applying a rigorous investment
process developed from 20 years of direct experience. It gives external investors access to SHK Latitude Alpha's
portfolio, built through a research process aimed at sourcing high quality managers and mitigating unwanted tail risks.
We also leverage SHK & Co's broader alternative investment platform, including seeded external asset managers,
private equity and direct investing, to bring additional expertise to the investment process for the SHK Latitude Alpha
strategy."
Lindsay Wright, CEO of SHK Capital Partners, said: "SHK Latitude Alpha is our fifth commitment backed by the funds
platform this year. We believe investors will benefit from our deep relationships with our existing hedge fund managers
and the alignment through the Company's investment in the strategy. The establishment of SHK Latitude Alpha is a
further step in the institutionalization of our existing in-house investment program that has generated strong
risk-adjusted returns and continues to build momentum as we pursue our objective of building a leading Asian-based
alternative investment platform with diversified products."
Seng Huang Lee, Group Executive Chairman of SHK & Co., said: "SHK & Co. is pleased to launch SHK Latitude Alpha, which
is a natural evolution of our successful hedge fund investments over the last several years and will act as a key nexus
within our alternative investment ecosystem."
About Sun Hung Kai & Co.
Sun Hung Kai & Co. Limited (SEHK: 86) ("SHK & Co.", together with its subsidiaries, the "Group") is a leader in
alternative investing headquartered in Hong Kong. Since its establishment in 1969, the Group has owned and operated
market-leading platforms in Financial Services. The Group invests across public markets, alternatives and real assets
and has an established track record of generating long-term risk adjusted returns for its shareholders. Most recently,
it has extended its strategy to incubate, accelerate and support emerging asset managers in the Asian region. It is
also the major shareholder of a leading Consumer Finance firm, United Asia Finance Limited. The Group currently holds
about HKUSD44 billion in total assets as at 31 December 2020.
For more information about SHK & Co., please visit its corporate website www.shkco.com.
For media enquiries, contact:
Hill+Knowlton Strategies
Joanne Lam +852 2894 6211
Margaret Lam +852 2894 6258
Suhas Bhat +852 2894 6216 shkco@hkstrategies.com
08/07/2021 Dissemination of a Marketing Press Release, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com
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July 07, 2021 23:59 ET (03:59 GMT)