Brazos Fund SP

Overview
Investment Objective

The primary investment objective of the Fund is to preserve capital and seek maximum, long-term capital appreciation commensurate with reasonable risk. For these purposes, risk is defined as the probability of permanent loss of capital, rather than price volatility.

Investment Strategies

In order to achieve the Investment Objective, the Investment Manager uses a discretionary approach to capture opportunities mainly in natural resources and commodities space.

 

The Fund seeks to invest primarily in long and occasionally short opportunities that the Investment Manager believes exhibit significant valuation discrepancies between current trading prices and intrinsic values, often with a catalyst for value recognition. In order to identify such investment opportunities and value propositions, the Investment Manager takes into consideration, among others:

a) quality and value of underlying assets and businesses of the invested companies;

b) pricing forecasts of commodities or products that the invested companies are exposed to; and

c) valuation and sentiment of broader capital markets and economy.

 

Occasionally, the Fund may also pursue event-driven opportunities with activist strategies, which seek to proactively effectuate corporate initiatives in a shareholder-friendly manner. The Investment Manager may also explore merger, acquisition and divestiture opportunities that the Investment Manager believes create value for shareholders via proactive interactions and engagements with invested companies and industry participants. In these investments, the Investment Manager will consider the target’s liquidity risk arising from periodic trading restrictions against its profit potential.

Portfolio Manager
Jia Zhai

Mr. Zhai is the Director of the Investment Manager. He has over 10 years’ global financial investment experience specializing in energy and natural resources sector. Prior to managing the Fund, Mr. Zhai served as the Executive Director and Head of Asia Oil and Gas in Morgan Stanley. Mr. Zhai has developed extensive connections with industry leaders over the years during his professional progression at UBS AG from 2008 to 2014. Mr. Zhai received his Master of Petroleum Engineering from Texas A&M University, the United States in 2016, and his Bachelor of Arts from Yale University in 2007. He is a member of the Society of Petroleum Engineers (SPE).

Dr. Edward Leung

Dr. Leung brings global financial investment experience specializing in Metals and Mining alongside business management experience in the wealth management sector. Immediately prior to joining the fund, Edward was Head of the UHNW Platform, Asia Pacific for Credit Suisse AG based in Singapore. He has also served as Co-Head of Natural Resources Asia (Hong Kong), Executive Director of Metals and Mining Investment Banking (New York) and Head of Investment Banking (Perth) for UBS AG. Dr. Leung was also part of UBS AG and Deutsche Bank AG’s Metals and Mining practice in Melbourne.

Edward is an Australian National and holds a PhD in Actuarial Mathematics from the University of Melbourne where he also holds a Bachelor of Commerce (Hons) and Bachelor of Laws (Hons). He also holds an MSc from the University of Oxford.

Fund Facts
Domicile
Cayman
Denomination Currency
USD
Fund Launch Date
May 2018
Investment Manager
Brazos Capital Management
Sub Investment Manager
OP Investment Management
Asset Class
Listed equity instruments, ETFs, corporate bonds, commodity linked ETFs and commodities futures contracts
Country and/or Industry Focus
Global
Benchmark Index
N/A
Partners
Prime Broker
Administrator
Legal Council
Auditor
Last updated: July 2019

 

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