Cephei Capital Management (Hong Kong) Limited (Hong Kong)


Cephei Capital Management (Hong Kong) Limited is a large advisory firm based in Hong Kong. It manages $3.76 billion of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2012.

Cephei Capital Management (Hong Kong) Limited provides portfolio management for pooled investment vehicles and 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.

Cephei Capital Management (Hong Kong) Limited: assets under management

The assets under management (AUM) of Cephei Capital Management (Hong Kong) Limited is $3.76 billion. The firm's AUM has grown by 604% since the beginning of its operation, and $3.18 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.75 billion in discretionary accounts and $9.41 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $288.39 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $9.41 million.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in sovereign bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cephei Capital Management (Hong Kong) Limited for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gang (Nmn) Li serves?

The firm provides services to other investment advisers, pooled investment vehicles, corporations or other businesses, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Gang (Nmn) Li is state or municipal government entities with 5 clients and $1.31 billion of assets under management. Among the 8 most similar advisory firms, Cephei Capital Management (Hong Kong) Limited has the 2nd highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $3.76 billion for 14 clients. 79% of the firm’s clients are foreign persons or businesses.

Cephei Capital Management (Hong Kong) Limited also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $3,000,000.

Careers at Cephei Capital Management (Hong Kong) Limited

The company employs 20 people that are either part- or full-time employees. 70 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.

Gang (Nmn) Li has been acting as President since 1 Jan 2007. Ying (Nmn) Bai joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Gang (Nmn) Li Director 1 Jan 2007 Other 6048463
Cephei Capital Management Company Limited Shareholder 1 Jan 2007 75% - 100% 98-0547852
Gang Li Director 1 Jan 2007 Other 6048463
Yu (Nmn) Min Director 1 Mar 2007 Other 6048464
Shangzhi (Nmn) Wu Director 1 Mar 2007 Other 6048466
Yu Min Director 1 Mar 2007 Other 6048464
Shangzhi Wu Director 1 Mar 2007 Other 6048466
Qian Xu Chief compliance officer 1 Oct 2010 Other 6052130
Qian (Nmn) Xu Chief compliance officer 1 Oct 2010 Other 6052130
Ying (Nmn) Bai Chief financial officer 1 Feb 2011 Other 6052132
Ying Bai Chief financial officer 1 Feb 2011 Other 6052132
Ying (Nmn) Bai Chief compliance officer 1 Dec 2013 Other 6052132

Indirect Owners

The SEC currently registers 12 indirect owners.

Name Entity Date acquired Ownership Employer ID
Cephei Capital Investment Company Limited Shareholder 1 May 2006 50% - 75% foreign entity
Clear Image Investments Limited Shareholder 1 Aug 2006 50% - 75% foreign entity
Gang (Nmn) Li Shareholder 1 Aug 2006 75% - 100% 6048463
Gang Li Shareholder 1 Aug 2006 75% - 100% 6048463
Yu (Nmn) Min Shareholder 1 Nov 2006 75% - 100% 6048464
China Diamond Holdings Company Limited Shareholder 1 Nov 2006 50% - 75% 98-0533296
Yu Min Shareholder 1 Nov 2006 75% - 100% 6048464
Shuge (Nmn) Jiao Beneficial owner 1 Mar 2007 25% - 50% 6048467
Shuge Jiao Beneficial owner 1 Mar 2007 25% - 50% 6048467
Cdh China Management Company Limited Shareholder 1 Dec 2007 25% - 50% 98-0488710
Cdh Investment Management Company Limited Shareholder 1 Dec 2007 25% - 50% 98-0488710
New Diamond Assets Inc. Shareholder 1 Jul 2009 25% - 50% foreign entity

Based in Hong Kong

The principal office where Cephei Capital Management (Hong Kong) Limited performs its advisory services is located at 1501 B International Commerce Center, 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 3518 8000 or by fax 852 2810 7083. The normal business hours are 9:00am to 6:00pm on Monday - Friday. You can find more information about the New York firm at cdhfund.com/index.php/a/lists/catid/168/.