Victoire Asia Investments was launched in 2013 as joint venture between the two senior executives, Mr. Aquico Wen and Mr. Young Chow, and Victoire Brasil Investimentos (now Hogan Investmentos). In late 2018, Aquico and Young bought out all Victoire Asia shares to achieve full alignment with investors interest, and now the Company is 100% owned by its executives and staff.
Since inception, our ambition is to offer investors outstanding returns through a high conviction strategy based on in-depth bottom up research. We believe by investing in a concentrated portfolio of attractively valued companies, we can deliver superior returns over a market cycle (3-5 years).
Aquico, in partnership with his team and Victoire Brasil, launched Victoire Asia in 2013. Aquico is responsible for the overall operations of Victoire Asia and is the portfolio manager for Firm’s single investment strategy. In addition to his leadership and oversight responsibilities, Aquico is actively involved the research of investment ideas for our Asian strategy. His investment experience ranges across different industries, with a tilt towards industrials, cyclicals and financials sectors.
Prior to joining Victoire, Aquico was the Founder, Chief Investment Officer and the portfolio manager for both long-only and long-short strategies, the two principal products, of Esemplia Emerging Markets (London), a Legg Mason’s affiliate with over USD 3 billion in AUM. He led investment team of over 20 investment professionals, including portfolio managers, macro strategists, traders and operational staff. Before that at Citigroup Asset Management (London, Singapore and New York), he was the Head of Emerging Markets and lead portfolio manager for GEMs portfolios. He successfully turned around a struggling GEMs institutional equities product with less than USD 700 million in AUM by transforming it into a leading USD 5 billion highly-rated investment strategy amongst key global investment consultants and institutional clients globally. Prior to joining Citigroup, he was an investment analyst for the GEMs portfolio management group at J.P. Morgan Investment Management (New York).
He is a graduate in Economics with honors from Wharton School, University of Pennsylvania.
Young is a founding member of Victoire Asia. He was actively involved in developing the portfolio construction and risk management methods of the Asian investment strategy. His day-to-day responsibility is to primarily source investment ideas, develop insights in these industries and/or businesses, and perform all required due diligence on them. His investment experience ranges across different industries, with a tilt towards information technology and consumer sectors.
Prior to joining Victoire, Young was a portfolio manager and quantitative analyst for Esemplia Emerging Markets (London, Hong Kong), a Legg Mason affiliate. He co-managed both the Long-Short and Alpha Extension funds. He started his career as a quantitative analyst at Citigroup Asset Management (London, Melbourne).
He is a graduate in Science and Engineering (concentrations in Applied Mathematics and Mechanical Engineering) with honors from the University of Melbourne.
Philip is a research analyst at Victoire Asia, working closely with Aquico and Young to identify and validate investment ideas for our portfolios. As a former accountant and auditor, Philip has developed into an effective investment analyst and helped the team expand its research capacity. He is actively involved in all aspects of our research process, ranging from performing industry level research, financial modelling, interfacing with senior management of potential investee companies and conducting on-site due diligence.
Prior to joining Victoire, Philip was an auditor at Ernst & Young in Hong Kong, covering various industries in Hong Kong and Mainland China. In addition to auditing financials of various corporates across industries, he performed due-diligence and valuation analysis as well as tested his clients’ internal controls.
He is a graduate in Accounting and Finance with honors from the University of Hong Kong.
Josephine is responsible for most of the non-investment functions at Victoire Asia. She works closely with the independent fund administrators, custodians, accountants and executing brokers to ensure that robust controls and processes in placed and adhered to in the day-to-day running of our Firm. She is also responsible for all compliance and regulatory aspects of our business, with a direct reporting line to the Board of Directors of Victoire Asia to ensure proper independence in all control functions.
Prior to joining Victoire, Josephine was a vice-president for Business Solutions and Operations of EFG Asset Management (Hong Kong, Singapore). She worked closely with the regional COO for overall business controls and operations. Josephine was in charge of the overall operation for the discretionary management portfolios and responsible for the preparation of discretionary mandate proposals, client reports, business analyses and management reports. Before that at Esemplia Emerging Markets (Hong Kong), a Legg Mason’s affiliate, she was a senior operations and portfolio support manager, responsible for daily portfolio monitoring and reporting, cash management, investment models, benchmark customization and database maintenance. She was also responsible for overseeing the complete trade flow process. Prior to joining Esemplia (formerly Citigroup Asset Management), she was a fund research analyst at The Bank of East Asia (Hong Kong) and prior to that a Senior Accountant for assurance and advisory services unit at Ernst & Young (Hong Kong).
She is a graduate in Commerce (concentration in Finance) from the University of British Columbia.
Natalie is a sales and investor relations associate at Victoire Asia, responsible for all facets of the client service process, including preparing marketing materials, completing due diligence requests, organizing roadshows and onboarding new client relationships. Working alongside Aquico and Young, Natalie is in charge of business development initiatives such as formulating marketing plans, tracking leads on prospective investors and building long term client relationships.
Prior to joining Victoire, Natalie worked as a financial analyst at leading financial institutions such as UBS, Nomura and ICBC. She was responsible for financial analysis, budget planning and for preparing business performance presentations to senior executives.
She is a graduate in Management of International Business from the Chinese University of Hong Kong, and is currently pursuing a master’s degree in Journalism at the University of Hong Kong.