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Victoire Asia Investments receives approval from Hong Kong regulator

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Specialist fund management company Victoire Asia Investment (VAI) has received approval from the Hong Kong Securities and Futures Commission (SFC) to undertake business in the region.

VAI was established under the leadership of Aquico Wen (pictured) in September 2013 as a 50/50 joint venture with the Brazilian fund manager Victoire Brasil Investimentos.
 
Wen, an emerging markets investment expert, last year moved from London to HK and has since brought together an investment team and established an office in the city.
 
Victoire’s role in Asia is to service the professional investor market with a strategy focused on investing in undervalued small to medium sized companies with direct exposure to domestic growth in South East Asian countries.
 
VAI is offering what Wen regards as a “differentiated” approach to investing – one which is a high conviction, performance driven, benchmark agnostic, absolute return orientated strategy, focused on investing in undervalued companies with supportive fundamentals and governance practices.
 
One significant aspect of Wen’s approach, which stems from Victoire’s Brazilian heritage, is a fundamental belief in co-investment – the idea that the personal financial interests of Wen and his team are wholly aligned to those of his clients. The HK based team not only has a 50 per cent stake in the business but has invested most of their liquid assets in their own SME strategy.
 
Wen says: “We’re delighted with the help and support we have received here in Hong Kong from the SFC, from InvestHK and our compliance advisers Compliance Plus.  We are also delighted to have the quality for support and backing from our colleagues in Brazil with who we have worked for the past 15 years. They have built a substantial and sustainable business which provides us with a very solid foundation and on-going support which will enable us to quickly establish and develop our business in Asia.
 
“We see a 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 USD500,000 to USD3bn. These high quality companies will have stable, predictable and sustainable earnings that offer some resistance to adverse markets. They are likely to be privately controlled and managed, subject to limited regulatory risks with a good track record, a have a strong focus on returns and supportive governance structures.” 

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