Infini Capital Management Founder, CEO & CIO Tony Chin on Selecting Hedge Funds, Secrets of Hedge Funds, Reasonable Returns & Risk Management
Introduction – Unlike investing into equity funds or private equity funds where investors can select their investment preferences by countries (eg. China, India, United States) or sectors (technology, healthcare, consumer staples), when investing into hedge funds, investors can only select the hedge fund manager, write a cheque to the hedge fund manager, and receive monthly, quarterly or yearly update. Hedge fund managers also typically do not disclose underlying investments to investors, disclosing only their hedge fund strategies such as long-short equity, multi-strategy, private credit, global macro & event-driven (Common hedge fund strategies), and the investment & risk methodologies. In most countries, hedge funds can only be offered to accredited or professional investors, with hedge funds requiring investors to commit a minimum investment eg. $250,000, $1 million, $2 million or $5 million. Without access to underlying investment information, how do investors evaluate & select hedge funds? Should investors investing into hedge funds simply focus only on returns & risks (volatility)? Should investors be targeting at 10% p.a. or 20% p.a. returns? Is it possible for investors to lose 50% or 100% of their capital?
Exclusive Interview – We speak to Tony Chin, founder, CEO & CIO of Infini Capital Management on investing into hedge funds, evolvement of Infini from investing proprietary capital to a hedge fund, and future plans of Infini Capital Management. Tony Chin is the founder, CEO & CIO of Infini, a multi-strategy hedge fund manager with presence in Hong Kong and United Arab Emirates. Infini employs a multi-manager, multi-strategy approach in trading opportunistically across global markets and asset classes. Strategies include, but not limited to: Event Driven, Market Neutral L/S, Global Macro, Relative Value and Systematic Strategies. From June 2019, Infini achieved an annualized return of c.70%. Currently, Infini have 40 employees, with 20 being investment professionals, with around $200 million AUM (Assets under Management). Visit: Infini Capital Management
” A reasonable range would be a return of 15% to 25% with a volatility level of less than 12% “
Tony Chin, Founder, CEO & CIO of Infini, Chair of Infini’s Investment Committee
Tony Chin is the founder, CEO & CIO of Infini, a multi-strategy hedge fund manager with presence in Hong Kong and United Arab Emirates. Tony started Infini in 2015 to exclusively manage proprietary capital. His track record of successful investments became the catalyst for the evolution of Infini into an investment management firm. In 2019, Infini launched a multi-manager fund, seeded with $40 million of proprietary capital. Prior to Inifini, Tony Chin was a Partner at GCS Capital, focusing on buyout and restructuring opportunities in various industry sectors across Asia, including financial services, real estate, consumer services, and technology. Before GCS Capital, Tony was in the investment banking division at Morgan Stanley focusing on M&A in the TMT sector, and investment banking division at HSBC.
Prior Experiences:
- Partner at GCS Capital, focusing on buyout and restructuring opportunities in various industry sectors across Asia, including financial services, real estate, consumer services, and technology.
- Investment banking division at Morgan Stanley focusing on M&A in the TMT sector.
- Investment banking division at HSBC.
- Tony holds a BA in Economics from the University of Michigan, Ann Arbor.
Journey to Infini
- Tony started Infini in 2015 to exclusively manage proprietary capital. His track record of successful investments became the catalyst for the evolution of Infini into an investment management firm.
- In 2019, Infini launched a multi-manager fund, seeded with US$40 mm of proprietary capital.
- Under his leadership, Infini experienced a sevenfold increase in AUM over 4 years.
- Annualized return of +60% showcased Tony’s capability in building and managing a successful multi-manager platform.
Key Highlights (Below for Interview)
On Hedge Funds Returns & Secrets:
- Secrets of hedge funds – Hedge funds usually do not disclose their underlying investment for several reasons
- Secrets of hedge funds 1 – Besides guarding their own expertise and competitive edge, hedge funds are flexible and nimble so revealing their investments could hamper their ability to change their portfolios effectively, especially in fast-moving market situations
- Secrets of hedge funds 2 – Large-scale exposure of positions by hedge funds can also affect the market, especially if they have big stakes in certain securities
- Selecting hedge funds – In addition to looking at returns, risk and volatility of hedge fund, it is also important to consider whether the hedge fund matches your portfolio and preference as well as risk appetite
- Why invest in hedge funds – Achieve diversification and better risk management
- Hedge fund performance – Hedge funds should focus on delivering a strong risk-adjusted return for investors, showcasing alpha through a high Sharpe ratio and a high likelihood of consistent positive returns
- What hedge funds should not do – Do not think it is worthwhile to pursue excessively high returns at the expense of increased downside volatility.
- Reasonable hedge fund target return – A reasonable range would be a return of 15% to 25% with a volatility level of less than 12%
” Hedge funds usually do not disclose their underlying investment for several reasons ”
” Besides guarding their own expertise and competitive edge, hedge funds are flexible and nimble so revealing their investments could hamper their ability to change their portfolios effectively, especially in fast-moving market situations “
On Using Leverage
- Why hedge funds use leverage – Adequately utilizing leverage is a crucial factor for hedge funds to expand their range of opportunities and enhance investment returns.
- Infini Capital using leverage for macro – Our macro strategies naturally allow for higher leverage due to lower margin requirements
- Infini Capital using leverage for relative value – Our relative value strategies typically utilize leverage of around 5-6 times
- Infini Capital using leverage for event-driven strategy – Our event-driven strategy is fully funded without leverage
- Infini Capital firm-wide leverage – Overall, our firm operates at a leverage level of approximately 4 times
” Adequately utilizing leverage is a crucial factor for hedge funds to expand their range of opportunities and enhance investment “
Infini Capital
- Infini Capital generated 60% / 70% returns in 2020-2021 – Strong performance as the equity market in Asia thrived. Actively participated in event-driven trades, such as IPOs, placements, and block trades. Given our relatively smaller AUM at the time, the P&L generated from each trade had a more significant impact.
- On future returns – It is unlikely that we can replicate such exceptional returns … … we achieved returns of 15% to 25% in 2022-2023
- Infini Capital – Infini is a multi-strategy, multi-manager platform that strategically focuses on niche strategies across global markets.
- Infini Capital 5 main strategies – Relative Value, Market Equity Long/Short, Event Driven, Macro, Systematic.
- History of Infini Capital – Started Infini in 2015 to exclusively manage proprietary capital. In 2019, Infini launched a multi-manager fund, seeded with $40 million of proprietary capital. Grew fund to $200 million AUM
- Growing Infini Capital – As our previous operation as a proprietary fund did not involve direct interaction with investors, my Investor Relations team has been working diligently to increase our visibility and reputation within the hedge fund investor community.
- Infini capacity limit – We specialize in niche strategies that have capacity limitations … … anticipate to grow our AUM to $1 billion in the medium term.
- Infini Capital current plans – Established our Abu Dhabi office. Our immediate focus is on recruiting investment and infrastructure professionals for both our Hong Kong and Abu Dhabi offices.
- Why setup in Abu Dhabi – The dual set-up between Hong Kong and Abu Dhabi increases our operational and trading capacity, across a diverse range of asset classes and strategies. As we trade globally across different markets in various time zones, this strategic move enables our round-the-clock operations in a more efficient and friendly way
- Attracting talent in Abu Dhabi – With our Abu Dhabi operation, we plan to tap into that wider talent pool beyond Asia. Abu Dhabi has a reputation as preferred destination for talent not only within GCC region, but also across EMEA and elsewhere around the globe, as its robust regulatory framework, friendly business environment, and exceptional infrastructure.
- Long-term plan – Establish Infini as a globally-renowned name in the Asian hedge fund industry.
” Infini Capital generated 60% / 70% returns in 2020-2021 – Strong performance as the equity market in Asia thrived. Actively participated in event-driven trades, such as IPOs, placements, and block trades “
On Founder, CEO & CIO Tony Chin
- Why switched from investment banking & private equity to running a hedge fund – I began my career in investment banking, gaining knowledge in fundamental equities and event-driven strategies (Morgan Stanley & HSBC). As a partner at GCS Capital, a regional private equity firm, I focused on optimizing asset management firms’ operations. I also ventured into proprietary trading, starting with equities and expanding into relative value strategies during the time. My experience in risk-taking and private equity operations has enabled me to build and manage Infini.
- Working 24/7, round-the-clock – Having previously worked as an investment banker and partner at a private equity fund, I have developed a strong work ethic that has allowed me to consistently dedicate long hours to my career.
- Life outside Infini Capital – As the owner of the Hong Kong Bulls, a basketball team based in Hong Kong, I’m proud of our achievements since our establishment in June 2023.
- Hong Kong Bulls (Basketball team) progress – In our first season, we reached the playoffs in the 2023 National Basketball League in China. We’re excited to relocate our home stadium to the state-of-the-art Kai Tak Sports Park this season.
- Passion for Basketball – Being involved with the Hong Kong Bulls let me pursue my passion for basketball and contribute to the sport’s growth in our region alongside my professional endeavors.
” Having previously worked as an investment banker and partner at a private equity fund, I have developed a strong work ethic that has allowed me to consistently dedicate long hours to my career “
Hedge Funds Risks & Advice:
- Risks of hedge funds – Those funds that fail to adapt adequately can face difficulties when confronted with sudden changes
- Risk management in hedge funds – A robust risk framework holds significant importance for hedge funds as it plays a vital role in capital preservation, regulatory compliance, investor trust, performance optimization, and operational resilience.
- Why investors do not actively allocate to hedge funds – Hedge funds products hold an image of being complex and less transparent. Hedge funds often invest in specialized markets, alternative assets, or complex strategies that may not be readily accessible or easily evaluated by qualified investors. Challenging to perform direct peer-to-peer comparisons.
- Requirements to invest in hedge funds – Not all the investors have access to hedge funds investment given the minimum investment requirements.
- What hedge funds are doing to educate & attract investors – To safeguard overall performance for all investors, majority of hedge fund has implemented fund / investor level gates and extended redemption notice periods. Investors can be redeemed without adversely impacting the fund’s performance.
- Understanding & selecting hedge funds for investors – Qualified investors can seek assistance from experienced investment professionals to evaluate and better understand hedge fund investments.
- Advice for investors & advisors investing into hedge funds – Understand your investment objectives, do your homework and seek professional advice.
- 4 tips to avoid investing in fraud / scams – 1) Conduct thorough research before you invest, 2) Keep up-to date with news and regulatory changes as well as investment trends, 3) Understand the strategies of the fund that you are investing in, 4) Last but not least, understand your own portfolio and see if the investment would be a good fit for your portfolio
” Those funds that fail to adapt adequately can face difficulties when confronted with sudden changes ”
” Qualified investors can seek assistance from experienced investment professionals to evaluate and better understand hedge fund investments.
” Keep up-to date with news and regulatory changes as well as investment trends “
Interview with Infini Capital Management Founder, CEO & CIO Tony Chin:
Hedge fund managers typically do not disclose underlying investments to investors, disclosing only their hedge fund strategies such as long-short equity, multi-strategy, private credit, global macro & event-driven (Common hedge fund strategies), and the investment & risk methodologies. How do investors evaluate & select hedge funds? Should investors investing into hedge funds focus only on performance (returns, risks & volatility)? Should investors be targeting at 10% or 20% p.a. returns? Is it possible for investors to lose 50% or 100% of their capital? What are the investment strategies of Infini Capital Management? Is diversifying into different hedge fund managers important?
On hedge funds selection & returns
1) Most hedge fund managers do not disclose their underlying investments, which means investors are not able to evaluate investment prospects. Without information to evaluate, should investors simply allocate to a few hedge funds, and focus only on evaluating the performance of each hedge fund? Measuring only the returns, risks & volatility of the hedge fund?
Tony: Hedge funds usually do not disclose their underlying investment for several reasons: Besides guarding their own expertise and competitive edge, hedge funds are flexible and nimble so revealing their investments could hamper their ability to change their portfolios effectively, especially in fast-moving market situations. Large-scale exposure of positions by hedge funds can also affect the market, especially if they have big stakes in certain securities.
In addition to looking at returns, risk and volatility of hedge fund, it is also important to consider whether the hedge fund matches your portfolio and preference, as well as risk appetite when investing in a hedge fund. By investing in more hedge funds, you can achieve diversification and better risk management. Some hedge funds also focus on specific investment strategies and styles. By allocating to multiple funds, investors can access a wider range of investment opportunities and use the specialized knowledge and skill sets of different fund managers, improving the overall portfolio performance.
” Besides guarding their own expertise and competitive edge, hedge funds are flexible and nimble so revealing their investments could hamper their ability to change their portfolios effectively, especially in fast-moving market situations “
2) What range of returns should hedge fund investors be targeting at? Should it be higher than the long-term average return of equites of 7%? Should it be 10% to 20% returns? Or should investors target at more than 20% returns?
Tony: I believe hedge funds should focus on delivering a strong risk-adjusted return for investors, showcasing alpha through a high Sharpe ratio and a high likelihood of consistent positive returns. However, I do not think it is worthwhile to pursue excessively high returns at the expense of increased downside volatility.
In my view, a reasonable range would be a return of 15% to 25% with a volatility level of less than 12%.
” I do not think it is worthwhile to pursue excessively high returns at the expense of increased downside volatility. In my view, a reasonable range would be a return of 15% to 25% with a volatility level of less than 12% “
3) Infini Capital Management generated annualized return of 60+%, which is extraordinary compared to most hedge funds. Did you use leverage? Are you highly leveraged? Were there any unexpected events that resulted in the sizeable outperformance of 60% / 70% returns?
Tony: Adequately utilizing leverage is a crucial factor for hedge funds to expand their range of opportunities and enhance investment returns. In the case of Infini, different strategies and trades employ varying levels of leverage. For instance, our macro strategies naturally allow for higher leverage due to lower margin requirements. Our relative value strategies typically utilize leverage of around 5-6 times, while our event-driven strategy is fully funded without leverage. Overall, our firm operates at a leverage level of approximately 4 times.
On using leverage:
- Adequately utilizing leverage is a crucial factor for hedge funds to expand their range of opportunities and enhance investment returns.
- Our macro strategies naturally allow for higher leverage due to lower margin requirements.
- Our relative value strategies typically utilize leverage of around 5-6 times.
- Our event-driven strategy is fully funded without leverage.
- Overall, our firm operates at a leverage level of approximately 4 times.
In the years 2020-2021, Infini Capital Management experienced strong performance as the equity market in Asia thrived. During this period, we actively participated in event-driven trades, such as IPOs, placements, and block trades. Given our relatively smaller AUM at the time, the P&L generated from each trade had a more significant impact. While it is unlikely that we can replicate such exceptional returns, our philosophy of continuous diversification and the recognition that there is no one-size-fits-all solution applicable to all market conditions have enabled us to remain nimble and adaptable. As a result, we achieved returns of 15% to 25% in 2022-2023.
- In the years 2020-2021, Infini Capital Management experienced strong performance as the equity market in Asia thrived.
- During this period, we actively participated in event-driven trades, such as IPOs, placements, and block trades
- Given our relatively smaller AUM at the time, the P&L generated from each trade had a more significant impact.
- Unlikely that we can replicate such exceptional returns
- Our philosophy of continuous diversification and the recognition that there is no one-size-fits-all solution applicable to all market conditions have enabled us to remain nimble and adaptable.
- As a result, we achieved returns of 15% to 25% in 2022-2023
” In the years 2020-2021, Infini Capital Management experienced strong performance as the equity market in Asia thrived. During this period, we actively participated in event-driven trades, such as IPOs, placements, and block trades “
On Infini Capital Management, Founder, CEO & CIO Tony Chin
Tony, your background is in M&A (Investment Banking at Morgan Stanley & HSBC), and private equity, buyout & restructuring (GCS Capital). You started Infini in 2015 (9 years ago) to manage your proprietary capital. In 2019, you launched a multi-manager fund seeded with $40 million of your proprietary capital, growing your fund to $200 million AUM (Asset under Management).
4) Unlike most other hedge fund founders, you did not come from a hedge fund or trading background. Why evolve from managing your proprietary capital to a hedge fund (Infini Capital Management)?
Tony: I began my career in investment banking, gaining knowledge in fundamental equities and event-driven strategies (Morgan Stanley & HSBC). As a partner at GCS Capital, a regional private equity firm, I focused on optimizing asset management firms’ operations. I also ventured into proprietary trading, starting with equities and expanding into relative value strategies during the time. My experience in risk-taking and private equity operations has enabled me to build and manage Infini.
” I began my career in investment banking, gaining knowledge in fundamental equities and event-driven strategies … … As a partner at GCS Capital, a regional private equity firm, I focused on optimizing asset management firms’ operations. I also ventured into proprietary trading, starting with equities and expanding into relative value strategies during the time “
5) Can you share more about your fund & investment strategies? Are your hedge fund strategies different from traditional hedge funds?
Tony: Infini is a multi-strategy, multi-manager platform that strategically focuses on niche strategies across global markets. Our portfolio encompasses 5 main strategies: Relative Value, Market Equity Long/Short, Event Driven, Macro, and Systematic.
- Relative Value
- Market Equity Long/Short
- Event Driven
- Macro
- Systematic
Each strategy is managed by specialists who have expertise in their respective niche markets or products. Our portfolio managers have autonomy within a customized risk framework and are incentivized to capture profits. This sets us apart from traditional hedge funds, where niche strategies are not typically the main focus of the fund.
” Each strategy is managed by specialists who have expertise in their respective niche markets or products. Our portfolio managers have autonomy within a customized risk framework and are incentivized to capture profits “
On hedge funds outlook, risk of hedge funds, allocation to hedge funds
6) Does negative global outlook affect hedge funds, and your hedge fund? How fast can a hedge fund change strategy? Some hedge funds focus on strong risk management, including limit on capital drawdown. Can adverse events cause the hedge fund to lose all capital? Is it possible for investors to lose 50% or 100% of their capital in hedge funds?
Tony: Hedge funds, like other participants in the financial industry, are not impervious to shifts in the global landscape. Those funds that fail to adapt adequately can face difficulties when confronted with sudden changes. This serves as a reminder for us to maintain flexibility and embrace the dynamic nature of our environment by pursuing diversification.
A robust risk framework holds significant importance for hedge funds as it plays a vital role in capital preservation, regulatory compliance, investor trust, performance optimization, and operational resilience. While our proprietary fund DNA encourages appropriate risk-taking, our strong risk framework provides us with control and protection during challenging situations, mitigating the potential for significant drawdowns and safeguarding our investors’ capital. By implementing effective risk limits and measures, we aim to minimize the possibility of substantial losses for our investors.
” funds that fail to adapt adequately can face difficulties when confronted with sudden changes “
7) Why is there not an active hedge fund allocation for most qualified investors? Is it because there is a lack of access to underlying investments for evaluation? A lack of comparable peer-to-peer (hedge fund) comparison? Or lack of access to hedge funds?
Tony: To some investors, hedge funds products hold an image of being complex and less transparent. Hedge funds often invest in specialized markets, alternative assets, or complex strategies that may not be readily accessible or easily evaluated by qualified investors. That also make it challenging to perform direct peer-to-peer comparisons. Not all the investors have access to hedge funds investment given the minimum investment requirements, and hedge fund investment may not fit certain qualified investors’ risk appetite.
Hedge funds:
- Hedge funds products hold an image of being complex and less transparent.
- Hedge funds often invest in specialized markets, alternative assets, or complex strategies that may not be readily accessible or easily evaluated by qualified investors.
- Challenging to perform direct peer-to-peer comparisons.
- Not all the investors have access to hedge funds investment given the minimum investment requirements.
- Hedge fund investment may not fit certain qualified investors’ risk appetite.
In my opinion, there are ways to mitigate the factors that discourage qualified investors from allocating to hedge funds. To safeguard overall performance for all investors, majority of hedge fund has implemented fund / investor level gates and extended redemption notice periods. This ensures that investors can be redeemed without adversely impacting the fund’s performance.
Qualified investors can seek assistance from experienced investment professionals to evaluate and better understand hedge fund investments. Investment platforms often offer a diverse range of hedge fund strategies and provide more comprehensive data and information for evaluation purposes. By leveraging these resources, qualified investors can overcome some of the barriers and make more informed decisions about hedge fund allocations.
” Qualified investors can seek assistance from experienced investment professionals to evaluate and better understand hedge fund investments “
On future plans of Infini Capital
8) What is the future plan for Infini Capital Management (short, medium, long-term)? Would you become a multi-asset manager? Would you be setting up a private equity fund? Or would you be focused on scaling your hedge fund from $200 million to $2 billion or $20 billion AUM? Is there a capacity limit to your hedge fund strategies?
Tony: In March 2024, Infini established our Abu Dhabi office. Our immediate focus is on recruiting investment and infrastructure professionals for both our Hong Kong and Abu Dhabi offices.
Regarding our hedge fund offering, we specialize in niche strategies that have capacity limitations. As a result, we anticipate to grow our AUM to $1 billion in the medium term. We believe it is an adequate level to strike a balance between growth and maintaining optimal fund performance.
Looking ahead, our long-term goal is to establish Infini as a globally-renowned name in the Asian hedge fund industry.
- Our immediate focus is on recruiting investment and infrastructure professionals for both our Hong Kong and Abu Dhabi offices.
- We specialize in niche strategies that have capacity limitations. As a result, we anticipate to grow our AUM to $1 billion in the medium term.
- We believe it is an adequate level to strike a balance between growth and maintaining optimal fund performance.
- Our long-term goal is to establish Infini as a globally-renowned name in the Asian hedge fund industry.
” Regarding our hedge fund offering, we specialize in niche strategies that have capacity limitations. As a result, we anticipate to grow our AUM to $1 billion in the medium term “
9) You have setup an office in Abu Dhabi (UAE). Any reason for setting up an office in Abu Dhabi? Are you looking at distributing your hedge fund to investors in Middle East or are you looking at investments in the Middle East region?
Tony: Establishing our new office in Abu Dhabi aligns with Infini Capital’s commitment in facilitating global investment opportunities and provides regional diversification for our investors. The dual set-up between Hong Kong and Abu Dhabi increases our operational and trading capacity, across a diverse range of asset classes and strategies. As we trade globally across different markets in various time zones, this strategic move enables our round-the-clock operations in a more efficient and friendly way, encompassing portfolio management, trading and risk management across a diverse range of asset classes and strategies.
Furthermore, as a multi-manager hedge fund manager, Infini Capital is committed to attracting exceptional talent from the region. With our Abu Dhabi operation, we plan to tap into that wider talent pool beyond Asia. Abu Dhabi has a reputation as preferred destination for talent not only within GCC region, but also across EMEA and elsewhere around the globe, as its robust regulatory framework, friendly business environment, and exceptional infrastructure. By accessing regional institutions and leading talent in the region, we continue to expand our capabilities and expertise, which provides enhanced diversification for investors.
” As we trade globally across different markets in various time zones, this strategic move enables our round-the-clock operations in a more efficient and friendly way … … With our Abu Dhabi operation, we plan to tap into that wider talent pool beyond Asia “
Final word
10) Many fund managers & investment professionals work round-the-clock, almost 24/7. Do you spend most of your time managing investments & Infini? Other than hedge funds, what do you invest into? Any unique investment you have made?
Tony: Having previously worked as an investment banker and partner at a private equity fund, I have developed a strong work ethic that has allowed me to consistently dedicate long hours to my career. With Infini’s recent transition from a proprietary fund to a hedge fund platform, my main area of focus is now on business development. I am actively involved in attracting investment talent to join Infini and contribute to the growth of our platform. Furthermore, as our previous operation as a proprietary fund did not involve direct interaction with investors, my Investor Relations team has been working diligently to increase our visibility and reputation within the hedge fund investor community.
As the owner of the Hong Kong Bulls, a basketball team based in Hong Kong, I’m proud of our achievements since our establishment in June 2023. In our first season, we reached the playoffs in the 2023 National Basketball League in China. We’re excited to relocate our home stadium to the state-of-the-art Kai Tak Sports Park this season. Being involved with the Hong Kong Bulls let me pursue my passion for basketball and contribute to the sport’s growth in our region alongside my professional endeavors.
Tony Chin on work & Infini Capital future:
- Previously worked as an Investment banker and partner at a private equity fund, I have developed a strong work ethic that has allowed me to consistently dedicate long hours to my career.
- Recent transition from a proprietary fund to a hedge fund platform, my main area of focus is now on business development.
- Actively involved in attracting investment talent to join Infini and contribute to the growth of our platform.
- Investor Relations team has been working diligently to increase our visibility and reputation within the hedge fund investor community.
- Owner of the Hong Kong Bulls, a basketball team based in Hong Kong
- Being involved with the Hong Kong Bulls let me pursue my passion for basketball and contribute to the sport’s growth in our region alongside my professional endeavors.
- In our first season, we reached the playoffs in the 2023 National Basketball League in China.
” previously worked as an investment banker and partner at a private equity fund, I have developed a strong work ethic that has allowed me to consistently dedicate long hours to my career “
11) In recent times, there are more reported & known cases of investment fraud, with victims including sophisticated HNWs investors and even institutional investors. Any good tips on how investors can prevent investing into investment fraud or scams.
Tony: In my view, there are 4 tips on investing:
- Conduct thorough research before you invest
- Keep up-to date with news and regulatory changes as well as investment trends
- Understand the strategies of the fund that you are investing in
- Last but not least, understand your own portfolio and see if the investment would be a good fit for your portfolio
” Keep up-to date with news and regulatory changes as well as investment trends “
12) Any advice for investors & advisors who are looking to allocate to hedge funds?
Tony: Understand your investment objectives, do your homework and seek professional advice.
” Understand your investment objectives, do your homework and seek professional advice “
Thank you Tony for providing key insights into investing in hedge funds. Tony Chin is the founder, CEO & CIO of Infini, a multi-strategy hedge fund manager with presence in Hong Kong and United Arab Emirates. Tony started Infini in 2015 to exclusively manage proprietary capital. His track record of successful investments became the catalyst for the evolution of Infini into an investment management firm. In 2019, Infini launched a multi-manager fund, seeded with $40 million of proprietary capital. Prior to Inifini, Tony Chin was a Partner at GCS Capital, focusing on buyout and restructuring opportunities in various industry sectors across Asia, including financial services, real estate, consumer services, and technology. Before GCS Capital, Tony was in the investment banking division at Morgan Stanley focusing on M&A in the TMT sector, and investment banking division at HSBC.
Tony Chin, Founder, CEO & CIO of Infini, Chair of Infini’s Investment Committee
Tony Chin is the founder, CEO & CIO of Infini, a multi-strategy hedge fund manager with presence in Hong Kong and United Arab Emirates. Tony started Infini in 2015 to exclusively manage proprietary capital. His track record of successful investments became the catalyst for the evolution of Infini into an investment management firm. In 2019, Infini launched a multi-manager fund, seeded with $40 million of proprietary capital. Prior to Inifini, Tony Chin was a Partner at GCS Capital, focusing on buyout and restructuring opportunities in various industry sectors across Asia, including financial services, real estate, consumer services, and technology. Before GCS Capital, Tony was in the investment banking division at Morgan Stanley focusing on M&A in the TMT sector, and investment banking division at HSBC.
Prior Experiences:
- Partner at GCS Capital, focusing on buyout and restructuring opportunities in various industry sectors across Asia, including financial services, real estate, consumer services, and technology.
- Investment banking division at Morgan Stanley focusing on M&A in the TMT sector.
- Investment banking division at HSBC.
- Tony holds a BA in Economics from the University of Michigan, Ann Arbor.
Journey to Infini
- Tony started Infini in 2015 to exclusively manage proprietary capital. His track record of successful investments became the catalyst for the evolution of Infini into an investment management firm.
- In 2019, Infini launched a multi-manager fund, seeded with US$40 mm of proprietary capital.
- Under his leadership, Infini experienced a sevenfold increase in AUM over 4 years.
- Annualized return of +60% showcased Tony’s capability in building and managing a successful multi-manager platform.
Infini Capital Management
Infini is a multi-strategy hedge fund manager with presence in Hong Kong and United Arab Emirates. We employ a multi-manager, multi-strategy approach in trading opportunistically across global markets and asset classes. Our strategies include, but not limited to: Event Driven, Market Neutral L/S, Global Macro, Relative Value and Systematic Strategies. From June 2019, we achieved an annualized return of c.70%. Currently we have 40 employees, with 20 being investment professionals. Visit: Infini Capital Management
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