NEW YORK & LONDON & HONG KONG – (BUSINESS WIRE) – Leucadia Asset Management (“LAM”) today announced a strategic partnership with Strategic Vision Investment (“SVI”), a Hong Kong-based asset manager led by Ken Xu, Chief Investment Officer. SVI pursues both a long / short and a long-only equity strategy with a focus on Greater China.
Nick Daraviras and Sol Kumin, Co-Presidents of Leucadia Asset Management, commented, “We are excited to have Ken and the rest of the SVI team join our platform. Ken’s remarkable track record combined with increased investor interest in China has created a timely and compelling opportunity for partnership. We look forward to working with Ken to further expand SVI. ”
“I am very excited to enter into this strategic partnership with Leucadia Asset Management to grow SVI and look forward to a successful long-term partnership,” added Ken Xu. “We see many opportunities in China, and this partnership with LAM and its global investor base enables us to capitalize on those prospects.”
As part of the strategic relationship, Leucadia Asset Management is providing funds to SVI along with other support.
Mr. Xu is Chief Investment Officer at SVI and has 20 years of investment management and analysis experience, specializing in Asian equity markets. Before that, he was Managing Director and Portfolio Manager at Point 72, f / k / a SAC Capital from February 2011 to May 2014. Before joining SAC Capital, Ken was Managing Director and Co-Head of Greater China at Och-Ziff Asia. From 2004 to 2006 he worked at Goldman Sachs (Asia) as a member of the Asian Special Situations Group (ASSG) and the Global Investment Research Department. Prior to joining Goldman Sachs, Ken worked for PricewaterhouseCoopers (Arthur Andersen) from 2001 to 2004 in corporate finance, where he provided advisory services in Shanghai. Ken was born in China and graduated from Shanghai University of Finance with a Bachelor of Management in Computerized Accounting and Economics in 2001. He has been based in Hong Kong since 2004.
About strategic vision investments
Strategic Vision Investment (“SVI”) is a Hong Kong-based investment company focused on investment opportunities with multiple return profiles, typically two to ten years. SVI’s long-term horizon and investment approach is aimed at avoiding short-term noise and gaining a deeper understanding of the consensus. Through its long-term in-house research, SVI seeks to identify structural megatrends that it believes will have a critical impact on creating significant value in the next 10-30 years (energy revolution, industry consolidation, new materials, healthcare / biotechnology, AI -Revolution, Cloud / SaaS). SVI focuses its research efforts and capital through its strict investment criteria and selection process on highly persuasive investment opportunities in these megatrends. SVI’s portfolio construction aims to maximize portfolio returns and mitigate the risk of market downturns. SVI was previously known as BosValen Asset Management (BVAM) and was founded in 2014 by Ken Xu. To better reflect the nature of its investment philosophy, the company has been renamed Strategic Vision Investment (“SVI”). This new name underscores the company’s main strength: a strategic vision to look for high quality investment opportunities over the long term. SVI’s Value Multiplier Fund (“Fund”) achieved a net return of 191.7% for the January – December 2020 period and a net return of 16.4% for the January – May 2021 YTD period. This represents the net performance of class E and is understood to mean less management fees (1.25%) and performance fees (12.5%). PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THERE CAN BE NO REPRESENTATION THAT A FUND WILL ACHIEVE ITS OBJECTIVES OR AVOID MATERIAL LOSSES.
About Leucadia Asset Management
Leucadia Asset Management (“LAM”) offers institutional clients an innovative range of investment strategies through its affiliated managers. LAM is a wholly-owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.
About Jefferies Financial Group Inc.
Jefferies Financial Group Inc. is a diversified financial services company active in investment banking and capital markets, wealth management, and direct investment. Jefferies Group LLC, our largest subsidiary, is the largest independent, full-service global investment banking company headquartered in the United States