Key Takeaways
- • Desmond How named CIO of Fixed Income at GaoTeng Global Asset Management, a Hong Kong-based firm backed by strategic investors Tencent Holdings and Hillhouse Capital Group, recognized in The Hedge Fund Journal's 2022 Tomorrow's Titans report.
- • GaoTeng's investment team comprises seven professionals with 70+ years of combined experience, focused on global emerging markets credit using fundamental analysis to identify alpha opportunities while dynamically managing downside risk.
- • How employs fundamental credit analysis as core investment philosophy, emphasizing analysis of future credit trajectories rather than present market conditions to exploit inefficiencies in the broad emerging markets asset class.
- • Emerging markets credit attracts institutional capital across multiple investor types, including Asian commercial banks, global pension funds, international insurance companies, and private wealth managers, representing a deeply recognized and liquid asset class.
Summary
Desmond How has been profiled in The Hedge Fund Journal's 2022 Tomorrow's Titans edition as Chief Investment Officer of Fixed Income at GaoTeng Global Asset Management, a Hong Kong-based asset manager with strategic backing from technology conglomerate Tencent Holdings and Hillhouse Capital Group. How brings decades of investment experience and is recognized as both a persistent alpha generator and beta manager within the emerging markets credit space.
GaoTeng's fixed income team, led by How, comprises seven investment professionals, three of whom serve as primary risk takers and collectively bring over 70 years of experience. The team is characterized as culturally diverse and dedicated to conducting deep-dive research into global emerging markets opportunities. Their investment approach combines fundamental analysis with dynamic risk management to extract alpha from selected themes while minimizing market downside exposure for investors.
How's fundamental investing methodology prioritizes analyzing the future trajectory of credit instruments rather than reacting to present market conditions. This approach is designed to identify inefficiencies within the emerging markets credit asset class, which How describes as broad, deep, and widely recognized by institutional participants. The asset class attracts diverse capital sources including Asian commercial banks, global pension funds, international insurance companies, and local private banks and wealth managers, indicating substantial liquidity and institutional interest.
The profile reflects How's established track record in the institutional alternative investment sector, with GaoTeng positioned to leverage synergies between Hillhouse Capital's superior investment capabilities and Tencent's technological innovation to deliver investment outcomes to both domestic and global institutional allocators.
GaoTeng's fixed income team, led by How, comprises seven investment professionals, three of whom serve as primary risk takers and collectively bring over 70 years of experience. The team is characterized as culturally diverse and dedicated to conducting deep-dive research into global emerging markets opportunities. Their investment approach combines fundamental analysis with dynamic risk management to extract alpha from selected themes while minimizing market downside exposure for investors.
How's fundamental investing methodology prioritizes analyzing the future trajectory of credit instruments rather than reacting to present market conditions. This approach is designed to identify inefficiencies within the emerging markets credit asset class, which How describes as broad, deep, and widely recognized by institutional participants. The asset class attracts diverse capital sources including Asian commercial banks, global pension funds, international insurance companies, and local private banks and wealth managers, indicating substantial liquidity and institutional interest.
The profile reflects How's established track record in the institutional alternative investment sector, with GaoTeng positioned to leverage synergies between Hillhouse Capital's superior investment capabilities and Tencent's technological innovation to deliver investment outcomes to both domestic and global institutional allocators.
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