Victoire Brasil Investimentos teams up with manager Wen for Asian joint venture
Victoire Brasil Investimentos (VBI) is establishing a specialist fund management company in Hong Kong with emerging markets specialist Aquico Wen.
The new 50/50 joint venture Victoire Asia Investment (VAI) will be based in Hong Kong and headed by Wen, who is joining VAI from Esemplia Emerging Markets – a Legg Mason affiliated firm – where he was founder and chief investment officer.
Wen’s first fund at VAI will be a long only equity fund with investment limited to a number of undervalued, high quality, small and mid-cap companies.
Victoire Brasil Investimentos managing director Paulo Del Priore said that the joint venture and the appointment of Wen was the “logical conclusion” to the close personal and professional relationships they had established over the past 15 years and when Aquico worked closely with his partners at SSBCiti and Citigroup asset Management.
“Aquico’s outstanding knowledge and expertise in emerging markets will broaden and deepen our research capability and investment offering in Asian and global emerging market equities and will enhance our offer in a manner consistent with the values and investment methodologies for which Victoire Brasil Investimentos has become known,” said Del Priore.
Wen (pictured) said: “I’m delighted to once again be working with the Victoire team in this exciting new venture not simply because they have established a significant and respected specialist asset management business but because we share common beliefs and values, based on mutual trust and respect.”
Aquico Wen, a Taiwanese born Brazilian citizen, has previously worked at SSB Citigroup Asset Management where he headed Global EM Equities capabilities based in New York, Singapore and London.
In 2005, as part of a Citigroup and Legg Mason corporate transaction, he founded and ran Esemplia Emerging Markets, a Legg Mason equity affiliate, with offices in both London and Hong Kong.
The Brazilian/Latam investment team will remain focused in their efforts as we look to capture enhancements to our research capabilities.