Ping An Russell Investment Management (Shanghai) Company, Ltd. (“PAR”) is a Shanghai-based institutional asset manager that was founded in 2011. The firm is a joint venture between the US asset manager Russell Investments and China's financial services conglomerate Ping An Group. We focus exclusively on mainland Chinese public capital markets, managing A-share equity, fixed income (including inter-bank) as well as multi-asset multi-strategy portfolios for institutional clients. PAR is one of the inaugural members of the Asset Management Association of China ("AMAC") and widely credited for introducing multi-manager investing to the Chinese market. PAR seeks to generate high risk-adjusted returns generated primarily through security selection. We construct portfolios by combining investment recommendations from multiple third-party asset managers and manage residual risk factors using efficient passive strategies. We dynamically allocate capital based on our proprietary understanding of China’s market risk factors. This understanding is based on quantitative factor analysis, PAR’s interviews with and portfolio analysis of over 450 mainland China asset managers, as well as our actual investment experience with more than 20 of these managers, as of 31 December 2014. PAR’s primary international clients are QFII and RQFII institutional investors. As of 30 June 2015, the firm manages USD 1.9 billion on behalf of domestic and international institutional clients.
