Monday, September 29, 2003

20/20 Investing

Having been in the funds business for a number of years, James Chen decided to roll the dice on starting his own venture. The hedge fund business is not new and yet there is still room for new entrants. We had a chance to catch up with James to see how his shop fared in the recent past, facing some difficult markets in Asia.

Q: What is Vision Investment?
A: Vision Investment Management is an independent fund of hedge fund manager
in Hong Kong with about US$350 million assets under management with 15
professionals. The company was founded in June 2000.

Q: Would you say you are successful so far?
A: A difficult questions to answer...we opened shop 3 years ago and
experienced the worst investment markets in recent history. We started with
US$0 seed capital, survived the last 3 years, never lost money in any given
year, and has grown to becoming one of the largest INDEPENDENT fund of funds
in Asia. So, much more work is ahead of us.

Q: What do you think the climate is, for starting businesses like Vision?
Good, bad, ugly? And why?
A: You probably shouldn't wait for the "climate" to be right or the stars to
be aligned before starting any biz. That's just my personal opinion. We
couldn't have chosen a worst time to start Vision but somehow we managed.

Q: What are your plans going forward for the business?
4. One of our plans is to diversify our client base. Currently all our
clients are Asian. Hopefully we can get more US/European institutional
investors in the near future.


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