UK quantitative giant Aspect Capital accelerates growth in Pudong
Aspect Capital, a leading quantitative investment firm founded in London, has witnessed rapid growth since its establishment in Shanghai's Pudong New Area last year. Its expansion highlights the appeal of Pudong's financial environment and Shanghai's position as an international financial center.
Aspect Capital, ranked among the world's top 10 CTA managers with $8.2 billion in assets under management, was attracted to Pudong due to its dense concentration of financial institutions, transparent regulatory environment, and diverse cultural atmosphere. In just one year, Aspect Capital China has obtained approval to register as a wholly foreign-owned private securities fund manager. It has already filed three products since arriving in China.
The Chinese financial market is demonstrating remarkable vitality and potential, with a surge in demand for diversified asset allocation as the population ages and the middle-income group expands. Shanghai plays a crucial role in Aspect Capital's long-term strategic development, said Dr Lin Han, head of Aspect Capital China.
The company plans to increase its investment in China, including expanding its local team, applying for more business licenses, and seeking strategic partnerships with local financial institutions.
Furthermore, Pudong's Lujiazui Global Asset Management Partnership Initiative aims to create an optimal ecosystem and exchange platform for the asset management industry, accelerating the attraction of global asset management institutions. This initiative has facilitated several landmark achievements in the opening-up of Pudong's financial industry.