Waterflow Fund SPC - Waterflow Global Macro Fund SP1

Investment Objective

The investment objective is to generate superior risk-adjusted returns over medium term by seeking capital appreciation through a dynamic and opportunistic investment approach and investing in multi-asset global macro strategies.

Investment Strategies

In order to achieve the investment objective, the investment manager will employ a medium term thematic global macro approach focused on identifying economic and geopolitical trends and inflection points. The investment strategy utilizes rigorous fundamental research with technical analysis and a deep understanding of market dynamics.

The fund seeks to invest primarily in macro volatility, interest rates, FX and equity indices within North America and the Asia Pacific region. The investment manager will attempt to identify market opportunities which allow re-weighting during periods of volatility towards asset classes and geopolitical locations that would in the opinion of the Investment Manager offer the best risk-reward opportunities.

Portfolio Manager
JIANG Ming Han

Prior to joining the Company, Mr. Jiang served as the Managing Director of HIDA Investment Limited, a family office managing assets in Asia and North America. At HIDA, he oversaw investments across equity, FX, fixed income, credit, commodities, real estate and private equity. His responsibilities included trading, risk management, counterparty management, operation, tax planning and technology.


Mr. Jiang Joined HIDA as the Associate Director of Investment in 2013. He managed the firm’s China portfolio for four years, including the period of market boom and market downturn which took place in 2015. He managed the firm’s global investment from 2015 to 2018.


In 2009, Mr. Jiang began his career with a proprietary trading team in Toronto and Beijing, where he traded FX and equities across developed and emerging markets. He co-founded a mobile finance start-up in 2010 and served as the Chief Product Officer for three years.


Mr. Jiang obtained his Bachelor of Science Degree from University of Toronto, graduating with honors and majoring in Molecular Biology and Economics. He is a Chartered Financial Analyst charterholder. He has attained Financial Risk Manager certification issued by the Global Association of Risk Professionals.

Fund Facts
Cayman Islands
Denomination Currency
Fund Launch Date
Jan 2020
Investment Manager
Waterflow Capital
Sub-Investment Manager
OP Investment Management Limited
Asset Class
Interest rates, FX, equity indices
Country and/or Industry Focus
North America, Asia Pacific
Benchmark Index
Prime Broker
Legal Counsel
Last updated: March 2020

Terms of Use and Disclaimers



OP Investment Management Limited (“OPIM”) is a regulated institution in Hong Kong by the Securities and Futures Commission (“SFC”).


This website contains information about OPIM and may reference services and products offered by OPIM.


By proceeding, you are representing that you have understood and accept the restrictions set out in this section.


The website is prepared by OPIM and has not been reviewed by the SFC.



Legal and sales restrictions


The contents of this site are intended for Professional Investors’ use only. “Professional Investor” has the meaning ascribed to it in the Securities and Futures Ordinance (Cap 571) (“SFO”) and its subsidiary legislation. If you are not a “Professional Investor”, you shall not accept these Terms of Use and Disclaimers.


The contents of this site are not intended for distribution to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) OPIM or its affiliates would be subject to licence or registration requirements of that jurisdiction, or the publication or availability of the contents is prohibited.


You are responsible for observing all applicable laws and regulations of the relevant jurisdictions before proceeding to access the information contained herein. All information on this Website is solely prepared for communications with persons which are authorized to receive such information under applicable laws.



No Offer


This site is for informational purposes only. Neither the information nor any opinions contained in this site constitutes a solicitation or offer by OPIM or any of its affiliates to buy or sell, whether as principal or agent, any securities, futures, options or other financial instruments or provide any related service or investment advice in any jurisdiction or country where such distribution or use would be contrary to local laws or regulations. The information contained in these pages is not intended as any investment advice. Persons accessing these pages should obtain appropriate professional advice when necessary.



No Warranty


Although the information on this site is obtained or compiled from sources believed to be reliable, OPIM cannot and does not warrant the accuracy, validity, reliability, timeliness or completeness of any such information.


OPIM expressly disclaims any warranties of merchantability or fitness of a particular purpose or duties of care. All information on this site is provided "as is", and is subject to change without prior notice.



Limitation of Liability


In no event will OPIM or its affiliates be liable or have any responsibility for damages of any kind, whether direct, indirect, special, consequential or incidental, resulting from access or use of, or inability to access or use, this site or any sites or pages linked to this site, including (without limitation) damages resulting from the act or omission of any third party, even if OPIM or its affiliates has been advised of the possibility thereof. OPIM and its affiliates assume no responsibility for ensuring that the functioning of this site will be uninterrupted or error-free.



Use of Links


Should the viewer leave this site via a link contained herein, and view content that is not provided by OPIM, the viewer does so at its own risk. OPIM is not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided in such site, whether actual, alleged, consequential or punitive. OPIM makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party or have any responsibility, including without limitation, the accuracy, subject matter, quality or timeliness of any electronic content.



Copyright and Trademarks


OPIM and other parties own the trademarks and logos displayed on this site. These may not be used without the written permission of OPIM or the party owning these. Also, the information on this site are protected by copyright and no part of it may be copied, transmitted, disseminated, sold, distributed, published, broadcasted, circulated, stored for subsequent use or commercially exploited in any manner without the prior written consent of OPIM.



Internet Security


OPIM does not represent or warrant that no viruses or other contaminating or destructive properties will be transmitted or that no damage will occur to your computer system. You hereby acknowledge and confirm that the internet is not a secure medium where privacy can be ensured, and that complete security and confidentiality over the internet is not possible at this time.


You have sole responsibility for adequate protection and back up of data and/or equipment and for undertaking reasonable and appropriate precautions to scan for computer viruses or other destructive properties.


OPIM shall not be responsible or liable for any harm that you may suffer in connection with any such breach of confidentiality or security.


OPIM also makes no representations or warranties regarding the accuracy, functionality or performance of any third party software that may be used in connection with this site.





The information contained on this site is subject to modification and update from time to time without notice.



Additional Terms


Certain sections or pages on this site may contain separate terms and conditions which are in addition to these terms and conditions. In the event of a conflict, the additional terms and conditions will govern for those sections or pages.



Governing Law


Use of this site shall be governed by the laws of Hong Kong Special Administrative Region.