Investment Strategy

Depth, Height

Dynamically capture investment opportunities based on research, pricing and tracking in bond pools that meet a certain yield

Investment Strategy

Liquidity Management Strategy

  • To obtain liquidity profits by investing in high liquidity assets, such as government bonds, policy bank bonds, ultra-high grade credit bonds, and bond repurchase.
  • Through analyzing macroeconomic trends, central bank monetary policy and liquidity comprehensively, the investment goal of this strategy is to surpass the return of similar cash management products and meanwhile keep extremely low volatility.

Fixed Income Value Investment Strategy

  • Investing in bonds with short maturity and high credit quality, deriving revenue from consecutive rolling of payments. This strategy has high compound value.
  • “Two-wheel drive” - in-depth subjective research and quantitative objective data analysis, combined with multi-dimensional information cross-check to control risk, so as to make “wise” investment decision. The market has enough “Cigar Butt” opportunities due to liquidity, risk control and research premium, and strong buyer pricing power. 

Special Opportunity Strategy

  • Maintain the safety margin by calculating the liquidation value of the enterprise, get engaged in the debt restructuring process as creditor to gain revenue through company’s reorganization.
  • On the basis of in-depth research and multi-dimensional due-diligence, we calculate the recovery rate and wait patiently for the chance to get involved – this is the core investment principle of distressed bond strategy.
  • Actively looking for cooperation with AMCs, M&A agencies and law firms during the exit.

Fund

Liquidity Management Fund

Lock-up Period: 1M-12M

Fund Strategy: Invest in interest rate bonds such as Treasury bonds and high-grade corporate bonds, supplemented by cash management strategies such as bond repurchase

Fund Characteristcs: Very low volatility + low earnings

Historical Performance: Annual yield rate of different maturities is 5%-6%, marking liquidity products such as bank wealth management products.

Fixed Income Value Investment Fund

Lock-up Period: 1Y-2Y

Fund Strategy: Invest in all kinds of fixed income assets (not limited to bond industry and rating), supplemented by convertible bonds and top-down macro hedging strategies

Fund Characteristcs: Low volatility + medium return, portfolio duration around a year. Contrarian investment, obtain excess returns in the economic downturn.

The maximum drawdown of this strategy is 5% - the risk is well-controlled

Historical Performance: Generated 10% post-fee returns for investors

Special Opportunities Investment Fund

Lock-up Period: 2Y-3Y

Fund Strategy: Invests in special opportunity bonds, supplemented by high -yield bonds and convertible bonds.

Fund Characteristcs:

High volatility + high yield Longer portfolio duration Obtain excess earnings by bonds reorganization

Contrarian investment, obtain excess returns in the economic downturn

Historical Performance: Generated 20% post-fee returns for investors