October 8, 2017

Landmark China Partnership Surpasses 2 Years

Today, WaveFront celebrated the 2nd anniversary of a groundbreaking agreement to sub-advise a China-focused equity strategy on behalf Chinese investors.

The Hwabao/WaveFront Quantitative No.1 Mandate was launched on October 8, 2015, by Shanghai-based Hwabao WP Fund Management Co. Ltd. with a mandate to employ WaveFront’s quantitative mutli-factor approach to the Chinese A Share market.

Acting as the sub-adviser for the past 2 years, WaveFront’s objective was to provide ‘intelligent’ exposure to the long-term economic growth potential in China, while seeking to consistently outperform the CSI 300 index – an objective that has been consistently achieved.

With over 2 years of live performance now ‘in the books’, WaveFront and Hwabao’s next step is to launch a Joint Venture Asset Management Firm in mainland China, a process that is expected to be officially completed by early next year.


Hwabao WP Fund Management Co., Ltd. is amongst the earliest joint venture fund management Companies in China, as well as the earliest ones that are established by a domestic trust company and a foreign asset manager. Hwabao WP Fund Management is a subsidiary of Hwabao Trust Co., Ltd., which is owned in partnership by China’s Baosteel Group and Warburg Pincus.