Victoire Asia Investments, a fund management firm, has received approval from the Hong Kong’s Securities and Futures Commission to commence its business in the country.
As part of the move, Aquico Wen, who set up the firm in Hong Kong in September, has appointed Young Chow as a senior analyst and Josephine Lam as operations manager.
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The duo has joined Victoire from US fund house Legg Mason. In addition, another investment staff is also expected to join soon.
Through this license, Victoire Asia Investments will be able to market to professional investors outside the city.
The company has been established as a joint venture between Brazilian fund manager Victoire Brasil Investimentos (VBI) and Aquico Wen, founder and CIO at Esemplia Emerging Markets, a subsidiary of Legg Mason.
Furthermore, sales at the new firm will be managed by Wen while VBI’s Sao Paulo-based CEO, Paul del Priore, and will manage marketing to a relatively small number of clients around the world.
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By GlobalDataVictoire Asia Investments said that it aims to serve investors with a strategy focused on investing in undervalued small to medium sized companies with direct exposure to domestic growth in South East Asian countries.
Wen said: "We see tremendous opportunities in Asia for the Victoire method of investing – one which is highly research driven and focused on investing longer term in a diverse range of no more than 10 to 20 Asian companies with market capitalizations ranging from $500,000 to $3billion."
