Jasper Capital: How quants outperform and generate Alpha in China’s retail driven equity market

Aug 18 2021 0 Comment

Jasper Capital is one of China’s longest established quantitative investment managers employing a disciplined quantitative research and investment framework which aims to deliver significant excess returns in China’s retail-investor dominated China A-share equity market.

The founders of Jasper Capital recognized that China offered superior opportunities for growth and alpha generation. Bringing together a team with experiences from recognized U.S. financial institutions, the company was founded 2013 in Shenzen and established operations in Hong Kong in 2017 in order to leverage the Stock Connect. The Hong Kong office serves as a hub for international business operations, providing global investors a gateway to China’s domestic equities exposure.

As one of the earlier quant managers to enter China, Jasper Capital has accumulated a wealth of investment and operating experience in the region and offers three core strategies to access the China A-share opportunity set – quantitative long only, quantitative market neutral, and quantitative directional. The company employs over 20 very experienced quantitative researchers and PMs who develop a comprehensive suite of technical, fundamental, alternative data and event driven signals to identify and exploit high quality uncorrelated alpha factors.

Currently Jasper has over 500+ signals in-production, and many more in their library, using a machine learning based non-linear approach to integrate signals. Jasper believes that precise risk management is the foundation of generating consistent excess return.

Join Matthias Knab in a trip to Jasper’s Shenzen and Hong Kong offices to discuss:

The opportunity set in China’s A-share market where about 180 million retail investors account for about 80% of the trading volume
Why should investors allocate to China?
What are the primary sources for alpha generation in China’s domestic equities markets?
Jasper Capital’s investment process to extract alpha: Signal generation, portfolio construction, risk management
Is Jasper a high frequency quantitative hedge fund? How does Jasper control for exposures to systematic risk factors?
How can investors access best the full opportunity set in mainland China?

Dr. Bo Huang is President, Portfolio Manager at Jasper Capital. With a Dual Masters in Mathematics and Statistics and a Ph.D. in Industrial Engineering and Operations Research, Dr. Bo Huang has a solid background in mathematics and optimization algorithms and broad academical and industry experience in the optimization-based modeling for machine learning, natural language processing and image processing problems. He started his career in quantitative finance as a quant strategist for Bank of America Merrill Lynch, and then went on to work for Arxis Capital, which was a US-based electronic market maker.

Benjamin Pollock is Head of Business Development and Investor Relations at Jasper Capital Hong Kong. Prior to joining Jasper Capital in March of 2017, Benjamin was a Senior Vice President at CEBM Group, a Shanghai, China headquartered macroeconomic research and consultancy firm. At CEBM, Benjamin led global business development efforts from CEBM’s Manhattan offices where he covered institutional clients in the New York, New England and Mid-Atlantic regions. Prior to CEBM, Benjamin spent over 5 years living in China where he studied China’s real estate sector and macroeconomy as a property research analyst at Cushman Wakefield (previously DTZ) and then as a master’s degree student in international economics at the Johns Hopkins SAIS-Nanjing University Center for Chinese and American Studies.

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