A Specialist in Greater China Equities
Growth focused, fundamentals driven, stock picking
Red Gate Asset Management is an independent investment manager focused exclusively on China’s equity markets. Our guiding principles have always remained the same – utilise our extensive understanding of the China markets to offer the best investment expertise and service to clients wanting to capture China’s economic growth by constructing portfolios of outstanding businesses that will provide long-term alpha for our clients through multiple market cycles.
Our on-the-ground team combines both international and domestic experience in managing offshore China long-only funds and separately managed accounts for global investors, including; banks, family offices, pension funds, and sovereign wealth funds.
China’s stock markets are vastly under-researched and exhibit a high degree of inefficiency relative to those in the west. As an active investment manager, we believe an inefficient market implies that there is scope to screen the universe of stocks and identify mispriced or undervalued companies. This premise forms the foundation of our conviction and commitment to fundamentals driven stock picking.
Stable & Committed Team:
- Over 20 years experience investing in Chinese companies listed in China, Hong Kong and overseas
- The senior management team has been working together for over 10 years
Proven Investment Philosophy & Process:
- Strong track record of identifying and investing in high-quality growth companies
- A rigorous fundamentals-driven stock-selection process, with an emphasis on deep-dive due diligence
- Strong on-the-ground resources and excellent access to management and industry experts
Closely Aligned with Our Clients:
- 100% owned by the team, we invest alongside clients to ensure the closest possible alignment with investors
- Long working relationships and track records with sovereign wealth funds, pension funds, private banks and family trusts
Institutional Quality Infrastructure:
- Transparent reporting, detailed analytics and full access to the investment managers at all times
- Dedicated Compliance and Operations functions incorporating best practice investment and operational risk management
- Well respected, global service providers
Meet the Team
Senior Management Team
Ms. Chingxiao Shao
Chingxiao founded Red Gate in 2003 and is responsible for overall management and business strategy of the firm, as well being a member of the company's Investment Committee
Mr. Michael Hou
Michael joined Red Gate in 2007 and is responsible for portfolio management and overall investment strategy, leading the firm's Investment Committee
Mr. Teddy Cui
Teddy joined Red Gate in 2005 and is responsible for the overall operations and compliance functions of the company
Mr. Henry Macfarlane
Head of Marketing & Client Services
Henry joined Red Gate in 2010 and is responsible for the marketing, sales and investor relations functions of the company
Mr. David Liu
David joined Red Gate in 2006 and is a member of the Investment Committee, leading the firm's coverage of the Consumer Staples, Autos, New Materials and Electrical Equipment sectors
“Our primary objective is to construct concentrated portfolios of outstanding businesses that will provide long-term alpha for our clients through successive market cycles.” – Chingxiao Shao (Founder, Red Gate)
We achieve this by following three key investment principles:
INVEST IN QUALITY GROWTH: We identify and invest in quality growth companies that demonstrate and maintain strong top-line and bottom-line revenue growth where returns are driven by compound earnings through consecutive market cycles
INVEST WITH CONVICTION: Buy what we know and know why we own them by employing strict growth criteria and by only focusing on a handful of the best investment ideas to increase the margin of safety for our clients
INVEST AT A REASONABLE PRICE: Valuations are considered in context of growth indicators and only once we have a comprehensive view on a company’s business to ensure no mismatch in valuation vs. the growth indicators of an existing or potential portfolio company
We employ a fundamentals-driven investment approach, supported by strict growth-focused investment criteria and rigorous on-the-ground due diligence
As a PRI signatory we take an active approach in considering ESG concerns during all stages of the investment process. These issues, particularly corporate governance, are integral to mitigating risk and ensuring the success of our investment strategy as we look to identify quality growth companies with sustainable business models in the China markets. All portfolio companies have been subject to ESG screening and analysis, from the idea generation stages and on-the-ground due diligence, through to the portfolio construction process and on-going monitoring.
Products & Services
Clarity in the China Markets
We offer offshore funds investing on the Greater China markets. Please get in touch if you would like to learn more on the Funds under management.
SEPERATELY MANAGED ACCOUNTS
Separately managed accounts (SMAs) offer investors an actively managed private portfolio of Chinese listed companies. We are privileged to work with some of the world’s most prestigious institutional investors in the management of their China mandates.
We manage both Greater China and pure China A-share SMAs utilizing the Shanghai & Shenzhen-Hong Kong Stock Connect, QFI and RQFII programs, We welcome the opportunity to work together with like-minded investors who share our long-term view on the China markets. Please contact us here for more details.
Red Gate Insights
- August 4, 2020
- April 20, 2020
- April 16, 2020
- Tel: +86-21-6433 8166 Fax: +86-21-6433 8684
- Red Gate Asset Management (Shanghai) Co. Ltd.
Unit 1001, Nan Fung Tower, 1568 Huashan Road,
People’s Republic of China
- Tel: +852-3956 1331 Fax: +852-3956 9028
- Red Gate Asset Management Co. Ltd
1504 New World Tower I
18 Queen’s Road Central