ActusRayPartners

Co-Founder Raymond Cheng serves as Chief Investment Officer and leads portfolio construction. Cheng and co-founder Patrick Cheung established the firm in 2009 after careers at global banks where they built and ran proprietary systematic trading books. The investment team operates a centralized quant process — signals are model-driven, not based on individual analyst discretion.

The firm manages a quantitative equity market-neutral strategy focused on Asia-Pacific markets. It goes long mispriced stocks and shorts overvalued names while hedging sector and broader market exposures. The goal is absolute return uncorrelated to regional equity benchmarks, executed through systematic models rather than fundamental stock-picking.

ActusRayPartners reported managing approximately $850 million as of early 2023 (per Financial Times, 2023). The figure represented significant growth from roughly $300 million in 2018, driven by investment performance and a period of institutional capital raising. The firm has historically maintained a relatively compact asset base consistent with capacity constraints on its market-neutral strategy.

No. The strategy is explicitly market-neutral — it hedges out broad equity-market exposure. The firm isolates stock-level alpha from sector and regional-index moves. This structural feature distinguishes it from long-biased or macro-oriented Asia funds, making it a diversifier rather than a directional call on Asian growth.

The portfolio operates across developed Asia — principally Japan, Australia, and Hong Kong — and selectively in other emerging Asia markets. The geographic mix is determined by liquidity and alpha opportunity set, not a fixed country-allocation grid. The firm sources and processes data across the region's primary equity exchanges.