Eric Wong

Gavekal Capital Ltd. (Gavekal) is an independent fund management firm headquartered in Hong Kong. The firm was founded in 2002 by Louis-Vincent Gave, Charles Gave and Anatole Kaletsky. They started as an independent research firm, added fund management to their activities in 2005 and started offering data analysis services in 2008. Gavekal manages the assets of Gavekal Funds and Sub-funds as well as several managed accounts for institutional clients and a separately managed account in the form of Cayman Islands Funds.

Marshall Wace GaveKal Asia Ltd. (MW GaveKal) is the alternative investment management subsidiary of Marshall Wace Asia Ltd., ultimately held by Marshall Wace Partners Ltd. in Hong Kong. Created in 2008 as a joint venture between UK hedge fund manager Marshall Wace and research and fund firm GaveKal Holdings to manage GaveKal's existing funds and Marshall's planned Asia-focused vehicles, the firm manages long-only Asian multi-asset class funds for institutional investors and high-net worth individuals.

Income Partners Asset Management (HK) Ltd. (IPAM-HK) is an independent alternative fund management firm headquartered in Hong Kong. The firm was founded in 1993 by Francis Tjia and Emil Nguy and is wholly-owned by the founders and partners. IPAM-HK provides advisory services to privately pooled investment vehicles and to segregated managed accounts. Investors in the Funds primarily consist of institutional investors, high net-worth individuals, family offices, and fund of funds.