SPARX Group launch the SPARX OneAsia Long Short UCITS Fund on the MontLake UCITS Platform
DUBLIN, November 12th 2015 - SPARX Asia Investment Advisors Limited and ML Capital are pleased to formally announce the launch of the SPARX OneAsia Long Short UCITS Fund, a Pan-Asia market neutral strategy hosted on the MontLake UCITS Platform. MontLake is a leading independent platform for UCITS funds that provides investors with access to a range of liquid, transparent and regulated investment products domiciled in Dublin.
A subsidiary of the long established SPARX Group, SPARX Asia Investment Advisors is based in Honk Kong, and manages and promotes its own funds which invest in securities in the Asian region. The SPARX Group was founded by President and CEO Shuhei Abe in 1989, with a mission to be the most trusted and respected investment company in the world. SPARX Group AUM currently stands at more than USD 8 billion, and boasts a globally diversified and highly selective client base.
The OneAsia investment and research team is led by Hak Kim. Hak has nearly 15 years of experience in the fund management business and is responsible for coordinating SPARX's fundamental research activities across Asia. Prior to becoming a founding member of the OneAsia team, he was portfolio manager at SPARX's Korean subsidiary where he ran a Korea long short fund. The OneAsia team has accumulated expertise on industry/business dynamics in Asia through fundamental research (notably +25 years in Japan, +15 years in Korea and +10 years in HK/Asia), and benefits from extensive on-the-ground research capabilities and the ability to channel the best ideas from Tokyo, Korea, and Hong Kong based investment and research professionals.
Speaking today, Jay Lee, Director of Business Development of SPARX Asia said: "We are pleased to have partnered with the MontLake UCITS Platform as their first Asia focused strategy. With more than 50 years of combined investment and on-the-ground research experience in Asia, SPARX has built a reputation as one of the most distinguished asset managers in the region. Together with MontLake, we aim to achieve new heights for SPARX and become a leader in the liquid alternative investment industry."
Cyril Delamare, CEO of ML Capital commented: "We are delighted to partner with such a well established and respected investment manager to launch our first Asia strategy fund on the MontLake platform. Investor demand for Pan-Asian UCITS strategies is at an all time high, and SPARX offers experience and expertise backed by over 25 years in the region. This product is a welcome addition to the UCITS sphere and we look forward to seeing it progress."
The fund will primarily invest in fundamentally attractive equity and equity related securities issued by companies in the Asia Pacific region and short those they believe to be overvalued or structurally flawed.
SPARX's investment philosophy is that macro is the aggregate of the micro, and as such, their fundamental analysis will encompass a thorough bottom-up investigation of historical financial performance of a business over several industry cycles. Analysis is then measured against the company's share price and current macro conditions to help decide whether to long or short the company. SPARX's ability to analyse the growth drivers in Asia along with regional experience to understand Asia's market dynamics relative to the rest of the world and even intra-Asia is their strength to consistently deliver alpha.