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SUN HUNG KAI & CO. LIMITED

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EQS-News : Sun Hung Kai & Co. Launches SHK Latitude Alpha Fund, with USUSD330m Commitment

07/08/2021 | 12:00am EDT
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

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1216478&application_name=news 
 

(END) Dow Jones Newswires

July 07, 2021 23:59 ET (03:59 GMT)

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Financials
Sales 2021 4 148 M 533 M 533 M
Net income 2021 3 494 M 449 M 449 M
Net cash 2021 8 738 M 1 122 M 1 122 M
P/E ratio 2021 2,33x
Yield 2021 6,31%
Capitalization 8 142 M 1 046 M 1 046 M
EV / Sales 2021 -0,14x
EV / Sales 2022 -0,70x
Nbr of Employees 1 941
Free-Float 26,9%
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Last Close Price 4,12 HKD
Average target price 7,90 HKD
Spread / Average Target 91,7%
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Managers and Directors
Wing Charn Chow Executive Director & Group Deputy CEO
Brendan James McGraw Group Chief Financial Officer
Seng Huang Lee Group Executive Chairman
David Craig Bartlett Independent Non-Executive Director
Alan Stephen Jones Independent Non-Executive Director
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