Our Firm
Strategic Vision Investment (“SVI”) is a long-term investment firm focused on deep-dive fundamental research, with investment team members locally-based across Hong Kong, Beijing and Shanghai.
We currently manage two strategies: a Greater China Long/Short (Long-Biased) equity strategy and a Greater China Long-Only equity strategy.
At SVI, we seek to invest in high-quality companies benefiting from identified structural mega-trends in Greater China that we believe can re-define the future and generate massive value creation over the next 10 to 20 years.
We employ a long-term, fundamental approach rooted in deep-dive company research with a stringent set of investment criteria. Through this, we construct a high-conviction portfolio of future mega-trend winners with the potential to achieve 2 - 10x value multiples over a 3 - 10 year horizon, with target IRRs of 25 - 35%.
Our long-term horizon and high-conviction approach enables us to see through short-term noises and gain a deeper and earlier understanding over consensus.
In our Long/Short strategy, we aim to balance the long book with a robust short book via effective portfolio protection mechanisms that allow us to better hold onto our structural long-term holdings. Our portfolio construction aims to expand portfolio returns while mitigating significant market downside risks.
SVI was previously known as BosValen Asset Management (BVAM), formed by Ken Xu in 2014. To better reflect the nature of our investment philosophy, we decide to rebrand to SVI in 2020. This better reflects and highlights our key strengths: a strategic vision to identifying attractive long-term investment opportunities for the long-term.
Ken Xu - Chief Investment Officer
Ken has over 20 years of investment management and analysis experience specializing in Asian equity markets.
Before SVI, Ken was Managing Director and Portfolio Manager at Point 72 / SAC Capital from February 2011 to May 2014.
Prior to S.A.C Capital Ken was a Managing Director and Co-head of Greater China at Och-Ziff Asia where he worked from October 2006 to October 2010.
From 2004 to 2006 he worked for Goldman Sachs (Asia) as a member of the Asian Special Situations Group (ASSG) and the Global Investment Research Department.
Prior to Goldman Sachs, Ken worked in PricewaterhouseCoopers (Arthur Andersen) in the corporate finance division performing advisory services in Shanghai from 2001 to 2004.
Ken was born and educated in China graduating with a Bachelor of Management in Computerized Accounting from the Shanghai University of Finance and Economics in 2001.
Ken has been a resident of Hong Kong since 2004.
Our Culture
Teamwork is at the heart of SVI culture. We spend significant time mentoring and training new members to grow with us.
Integrity
Teamwork
Investor Interest Alignment
Compliance
Risk
Attitude
Improvement
Finding & Retaining Talent
Philantrophy
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We expect our team to maintain the highest ethical standards.
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Teamwork is the foundation to our success. While individual creativity is always encouraged, team effort produces the best results.
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Our investors are our partners and their interests always come first. We believe we should protect and seek to deliver superior return for our investors, our own success will follow.
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We are dedicated to complying fully with the letter and spirit of the laws, rules and ethical principles that govern us.
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Identify, Quantify, Mitigate unwanted risks. Capital preservation and long-term return override short term interests.
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Treat others as you wish to be treated. We are respectful, fair, and helpful to our people and our business partners.
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We are dedicated to continuously improving our investment process and skills. We take great pride in the professional quality of our work but believe there are always areas of improvement. We constantly review, analyze and seek to improve our investment process.
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Commitment to attracting and retaining talented individuals through competitive incentives and a strong team culture.
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Charity, conservation and education make our lives more fulfilling. Team members are encouraged to give back to society.
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We believe it is much more productive to face mistakes and problems together. We analyze the problem and discuss how we can improve.
Business Operator Mindset
Our Investment Strategy
Investment Objective
Top-Down
Structural
Mega-Trends
Bottom-Up Research with High Conviction
Disciplined
Investment Process
Seek to identify companies with the potential to achieve 2 - 10x value multiples with 25 - 35% IRRs over the next 3 - 10 years
Deep-dive research to identify secular growth trends in China that my create significant value and drive sustainable long-term returns such as:
Energy Revolution, Advanced Manufacturing, Industry Consolidation, New Materials, Healthcare/BioTech, AI Revolution and Cloud/SaaS
Rigorous company research with stringent investment criteria, through a focused and long-term lens, enables a differentiated view with increased confidence:
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High Quality: seek business models with clear competitive advantages, strong management teams, robust business models with healthy cash flows, and sound corporate governance
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Long-Term: see-through short-term noise with a 3-10 year investment horizon to build positions in potential structural winners through bouts of market volatility
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High-Conviction: focused research can enable a deeper and earlier understanding vs. market consensus with a high degree of confidence in long positions
Repeatable processes with stringent investment criteria and a robust risk management framework seeks to enable consistent, broad-based returns across market environments
Single-stock shorts and market hedges can help mitigate market downturn risk, in our view
Our Quest for Alpha
Asian Structural Opportuinities
Cross Sector Impact Analysis
Cross Country Impact Analysis
Out of the Box Thinkers
Thought Leaders
Business Operator Mindset
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In-depth understanding of sectors and proprietary monitoring system to analyze industry structures.
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We build and apply our knowledge across various industries and look to connect the dots to identify relationships/trends which others may have overlooked.
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We build upon our deep understanding of multiple regions and apply this knowledge to identify new trends and relationships across regions.
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We try to find differentiated hypotheses supported by evidence and logic, which tend to be contrarian to traditional consensus thinking.
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We conduct extensive on the ground research, attributing extra effort to increased understanding.
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We interact with thought leaders in business, academia and industry and aim to become thought leaders ourselves.
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We aim to understand businesses from an operator’s mindset, for a more in-depth view than traditional financial mindset.
Walk the Extra Step
Join Us
We are always in search of exceptional talent to help grow our firm and enhance our capabilities.
Please reach out to us if you are interested to learn more about what exciting opportunities are available.
Contact Us
To learn more, please reach out to us below:
General Matters: admin@svifunds.net
Investor Relations: ir@svifunds.net
Office Address:
Strategic Vision Investment Limited
Unit 1408B, Level 14,
Two Exchange Square,
8 Connaught Place, Central, Hong Kong
