As a dedicated Hong Kong and China equities investment manager Legg Mason Hong Kong* ('LMHK') is, and remains, committed without distraction to the generation and delivery of alpha to clients from within the asset class. LMHK views itself and operates as a boutique-like investment manager.
Culture and People
LMHK is a tight-knit group, with a strong team culture and profound sense of ownership and accountability to its performance and clients.
LMHK brings together successful investment professionals from a diverse background and skill set, which helps to build a cohesive investment team with diverse talents and perspectives. All the investment team members within LMHK are bound together by a series of common institutional beliefs and values, but each member retains his or her independence and autonomy in generating investment ideas.
Firm
LMHK has a long track record managing assets in the Hong Kong markets, having commenced operations in 1994. It provides discretionary investment management, investment advisory and related support services to a variety of institutional clients, including pensions, pooled investment vehicles, corporations, and government entities.
Approach to Investing
LMHK is an active, non-style biased, bottom-up fundamental research manager that primarily invests in mid- to large-cap HK and China stocks. It employs a proprietary present value model (Dividend Discount Model) as the valuation anchor combining with "12-month catalysts" including company, industry and policy drivers to identify stock mis-pricings.
*Legg Mason Hong Kong (operating under both Legg Mason Asset Management Hong Kong Limited and Legg Mason International Equities (Hong Kong) Limited)