Everbright Dynamic Bond Fund

Introduction

Everbright Dynamic Bond Fund is tailored for professional investors with USD assets. The fund seeks stable absolute return through investment primarily in offshore Chinese corporate securities including investment-grade, high yield and convertible bonds. Leverage and derivative could be employed to enhance yield and control risks.

Investment Philosophy

  • We believe there are inefficiencies in the offshore Chinese corporate debt markets arising from investor emotions, market complexities and conflicting institutional constraints
  • We combine fundamental credit and economic insights with proprietary quantitative research in seeking to exploit such inefficiencies

Investment Strategy

  • Tactical asset allocation across investment grade, high yield and convertible bonds
  • Chinese corporates focus but may selectively diversify into other Asian names
  • Diversification across industrial sectors and issuers
  • Prudent use of leverage to enhance yield
  • Currency overlay to monetize implied carry and capture potential appreciation
  • Potential use of hedging against systematic risks

Our Edges

  • Cross-border asset management platform and research network
  • Experienced investment team
  • Will Chung

    Managing Director, Head of Fixed Income & Quantitative Investments

    Mr. Will Chung is the Head of Fixed Income Investments in China Everbright Assets Management Limited and also the Lead Portfolio Manager for Everbright Dynamic Bond Fund and Co-Portfolio Manager of Everbright Convertible Opportunities Fund. He has over 20 year of industry experience in Asian fixed income, quantitative equity, and structured finance investments. Both Everbright Dynamic Bond Fund and Everbright Convertible Opportunities Fund have delivered consistent attractive return for more than 7 years and Mr. Chung has been named Three-Years Overseas Golden Bull Private Fund Manager (Fixed Income) in 2019 and One-Year Overseas Golden Bull Private Fund Manager (Fixed Income) in 2017 by China Securities Journal. Prior to Everbright, Will served as Head of Public Investment for a major Chinese investment office where he was responsible for multi-strategy absolute return investments across major asset classes. Before that, Will was the former Head of Tactical Asset Allocation at Shin Kong Life where he oversaw an US$35 Billion of global multi-asset class portfolios. Shin Kong Life received “Institutional Investor of the Year” at “The 2006 Asian Investor Achievement Awards”.

    Mr. Chung served as Board Director and Academic Chairperson of Taiwan CFA Society from 2007 to 2008 and graduated with Beta Gamma Sigma Honour from Columbia University with an MBA in Finance.

    Recent Fund Awards and Accolades:

    Everbright Dynamic Bond Fund nominated by HFM Asian Performance Awards 2021 as “Best Fixed Income, High Yield & Distressed Fund”

    Everbright Dynamic Bond Fund nominated by Business Week’s Hong Kong Hedge Fund Award 2021 as Best Hedge Fund > US$500mn & Best Credit Hedge Fund

    Everbright Assets Management Named Three-Years Overseas Golden Bull Private Fund company (Fixed Income) by China Securities Journal in 2020, 2018 and 2017

    Everbright Dynamic Bond Fund Nominated for “Best Asian Fixed Income, High Yield & Distressed Fund” by AsiaHedge in 2019, 2017 and 2016

    Everbright Dynamic Bond Fund nominated for “Best Asian Fixed Income Fund” Eurekahedge in 2018

    Everbright Dynamic Bond Fund nominated for “Best Emerging Markets Credit Fund” by Investor Choice Award in 2017

  • Girish Kumarguru

    Managing Director, Portfolio Manager

    Girish Kumarguru is the lead Portfolio Manager for Everbright Convertible Opportunities Fund (ECOF) and has been managing it since its inception in 2014. ECOF, an Asia focused convertible arbitrage hedge fund, has consistently delivered attractive absolute returns during these seven years. Girish is also the co-PM for Everbright Dynamic Bond Fund (EDBF). Girish has over twenty years' experience spanning trading, investments, credit rating, and credit risk management. Girish has been with Everbright Capital Management Limited since July 2012. Girish was previously a Director in the Principal Strategies Group (PSG) at ABN Amro / RBS, where he was the Portfolio Manager for credit and convertible strategies. Prior to that, he was a hedge fund credit risk analyst at ABN AMRO. Girish worked as a senior credit analyst at CRISIL (now, an S&P subsidiary) in Mumbai (India). 

    Girish has an Integrated Masters of Technology in Mechanical Engineering from IIT Bombay with specialization in Operations Research and Management; and PGDBM in Finance from XLRI, Jamshedpur (India). Girish holds Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), and Chartered Alternative Investment Analyst (CAIA) certifications. Girish has been voted in the “Highly Commended” category by “The Asset” magazine in Asset Benchmark Research for The Most Astute Investors in Asian G3 Bonds for 2020.

     

Secondary Market Funds

Tel (852) 2530 8426
Fax (852) 2861 2803
Email InvestorServices@everbright.com
Address 9/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong