Fosun Asset Management Limited (Hong Kong)

Fosun Asset Management Limited is a large advisory firm based in Hong Kong. It manages $851 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2018.

Fosun Asset Management Limited provides portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fosun Asset Management Limited: assets under management

The assets under management (AUM) of Fosun Asset Management Limited is $851 million. The firm's AUM has grown by 130% since the beginning of its operation, and $729 million of the total AUM is attributable to clients outside of the United States.

The firm manages $476 million in discretionary accounts and $375 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $68 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $93.75 million.

Investments

The firm invests in investment grade corporate bonds the most. They account for 56% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 29% of the firm’s portfolio. Investments in government bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fosun Asset Management Limited for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Fosun Asset Management Limited

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jun Li has been acting as President since 1 Feb 2017. Marco Hoi Dik Wong joined the executive team most recently as the Chief Legal Officer / Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Fosun Asset Holdings Limited	Shareholder	1 Jun 2014	75% - 100%	foreign entity
Jun Li	Director	1 Feb 2017	Other	6894088
Sinyuan Kungsen	Director	1 Jul 2017	Other	6894090
Xiaoyong Wu	Director / coo	1 Aug 2017	Other	6894089
Marco Hoi Dik Wong	Chief legal officer / chief compliance officer	1 Oct 2017	Other	6479089

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Guangchang Guo	Shareholder	1 Sep 2004	50% - 75%	6030581
Fosun International Holdings Ltd.	Shareholder	1 May 2005	75% - 100%	foreign entity
Fosun Holdings Limited	Shareholder	1 Aug 2005	50% - 75%	foreign entity
Fosun International Limited	Shareholder	1 Apr 2014	75% - 100%	foreign entity

Based in Hong Kong

The principal office where Fosun Asset Management Limited performs its advisory services is located at Room 2106 Icbc Tower, Hong Kong, , which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 852 2509 2874 or by fax 852 2515 8970. The normal business hours are 9:00 a.m. - 6:00 p.m. on Monday - Friday.