{"id":2,"date":"2019-01-08T13:16:44","date_gmt":"2019-01-08T05:16:44","guid":{"rendered":"https:\/\/eblog.homochi.com\/blowater\/?page_id=2"},"modified":"2021-08-13T12:33:36","modified_gmt":"2021-08-13T04:33:36","slug":"first-class-management","status":"publish","type":"page","link":"https:\/\/eblog.homochi.com\/blowater\/first-class-management\/","title":{"rendered":"First Class Management"},"content":{"rendered":"
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About First Class Management<\/strong> <\/p>\n\t\t\t

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\n\nFirst Class Management (FCM) is a special situations-focused investment partnership based in Hong Kong. FCM is co-founded by two home-grown private investors\u2014Frank M.K. Wong and Eric W.M. Chong\u2014in 2016. The two partners came to the idea of forming FCM after they made serial successful investments together. FCM invests the partners’ private capital in handful of opportunities in the small- and mid- caps universe, with views that potential value realization events shall occur in the near- or medium-term.\n\n<\/p>\n\n\n\n

FCM seeks to capitalize opportunities arising from inefficient market segments, i.e. special situations that are either too small, illiquid, or even too complicated for institutional investors. FCM is perfectly positioned for this task. First, we have full range of dealing, brokerage, security analysis, portfolio management, activism, and real-world business operation experience. All these are essential for special situations. Second, we manage our own capital only. We are 100% liable to downside risk. It makes us truly absolute return-oriented investors\u2014another requisite for success in special situations. <\/p>\n\n\n\n

\n\nIn value identification, FCM employs traditional fundamental analysis and valuation techniques, together with deep and dynamic understanding on the controllers\u2019 motives (often reputable families). Our partners completed specialized course on family business from the University of British Columbia. The second dimension of FCM investments is value creation. FCM takes active role in engaging with investee firms (and, occasionally, fellow shareholders) on value-creating business strategy objectives and corporate governance objectives. We offer ideas and stimulate possibilities for changes with our interests aligned. Our deep knowledge on shareholder engagement and activism is best demonstrated on our pioneering\u00a0research<\/a>, and our presentation on the first-ever specialized\u00a0Conference<\/a>\u00a0in Hong Kong and Asia.
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Our Vision<\/strong> <\/p>\n\t\t\t

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“FCM seeks to develop as a prominent active investment firm in Hong Kong and Asia, and contributes to the society through active shareholder monitoring.<\/em>“<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n\n

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Our Team<\/strong><\/p>\n\t\t\t

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Frank M.K. Wong\u00a0MSc(Finance)\u00a0CIIA FHKSI<\/em>\u00a0| Partner<\/p>\n\t\t\t

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\n\nMr. Wong entered the investment industry at the age of 20. He started his career with a dealing role, and later stepped into brokerage and portfolio management roles. Before co-founding FCM, he worked as a portfolio manager with a special situations mandate at Caitong\u00a0International\u00a0Asset Management. Prior to\u00a0Caitong, he had been with BOCOM International Securities, CITIC Securities and Grand Investments.<\/p>\n\n\n\n

Mr. Wong has been investing actively before he entered the industry. He had invested across stocks, debt, closed-end funds and other derivative instruments. He delivered satisfactory investment results over the last decade (CAGR 10-year +20.62%, 2006-2015). At the age of 29, he acquired a majority stake in a liquidating ETF and had been steering on the liquidation process with the manager, which turned to be a successful investment.\u00a0Mr. Wong is a firm believer in shareholder engagement and activism. He has been continuously interacted with executives on corporate matters. He has experience in collaborating with billion-class hedge funds on local activism campaigns. Mr. Wong’s academic research provides the first empirical evidence of shareholder activism in Hong Kong. The research was presented at the 2016 Greater China Area Finance Conference (June 2016), and the Hong Kong Shareholder Engagement and Activism Conference (November 2016,\u00a0details<\/a>). It is available at\u00a0SSRN<\/a>.<\/p>\n\n\n\n

Mr. Wong earned a Master of Science in Finance (First Class Honours) from University College Dublin. He also earned a\u00a0Certificate in Hotel Real Estate Investments and Asset Management from Cornell University School of Hotel Administration,\u00a0an XSeries Certi\ufb01cate in Corporate Financial Analysis from University of Michigan, a Graduate Certificate in Applied Portfolio Management from NUS Business School, and a Professional Diploma in Insurance from Vocational Training Council (Hong Kong). He is a Certified International Investment Analyst (CIIA), a Chartered Alternative Investment Analyst (CAIA), and a Fellow of Hong Kong Securities and Investment Institute (HKSI\u00a0Institute).\n\n<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n

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Eric W.M. Chong\u00a0| Partner<\/p>\n\t\t\t

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Mr. Chong is a seasoned businessman.\u00a0<\/p>\n\n\n\n

Before co-founding FCM,\u00a0Mr. Chong had concentrated on the catering business and distribution of Arc International products (a French family company and the largest glassware product manufacturer in the world) in Hong Kong and Macau for two decades.\u00a0He was the Co-Founder and Chief Executive Officer of Connect Ware Catering Supplies Limited from 1997 to 2016 before the company was sold to a third party in 2016. Now, He is still running his catering products<\/a> business – Pro Service Company<\/a> is one of the best services in the market.<\/p>\n\n\n\n

From April 2017, Mr. Chong was invited by Moboplus Solution Co. Ltd to take up its Sales and Marketing Director role, which is responsible for the business development of a new concept ‘Social Wifi’ to the Hong Kong catering industry.\u00a0<\/p>\n\n\n\n

In 2015-16, Mr. Chong also co-hosted a bi-weekly investing\/finance program at internet radio – memehk.com. That program was very well received by the audience.\u00a0<\/p>\n\n\n\n

Besides rich business experience, Mr. Chong completed open courses on From Poverty to Prosperity: Understanding Economic Development<\/a> from\u00a0Blavatnik School of Government – University of Oxford, <\/p>\n\n\n\n

Corporate Financial Policy & Financial Decision Rules for Project Evaluation<\/a> from University of Michigan <\/p>\n\n\n\n

and Family Business: Strategy Essentials<\/a> from the University of British Columbia.\u00a0<\/p>\n\n\n\n

Mr. Chong is also a licensed coach of Tai Chi Chuan in HK.<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n<\/div>\n\t\t<\/div>\n<\/div>\n\n

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Contact<\/p>\n\t\t\t

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Frank Wong at\u00a0frank.wong@firstclassmgmthk.com<\/a><\/p>\n\n\n\n

Eric Chong at\u00a0eric.chong@firstclassmgmthk.com<\/a><\/p>\n\n\n\n

[June 2017]\n\n<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n

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New FinTech<\/p>\n\t\t\t

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Click for Crypto recommendation<\/a> <\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n\n

<\/h4>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":918,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2","page","type-page","status-publish","has-post-thumbnail","hentry","ct-col-2"],"aioseo_notices":[],"featured_image_src":"https:\/\/eblog.homochi.com\/blowater\/wp-content\/uploads\/2019\/05\/JPEG-\u5f71\u50cf-e1559104970167.jpeg","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1384,"url":"https:\/\/eblog.homochi.com\/blowater\/fcmdata\/stephenriady\/","url_meta":{"origin":2,"position":0},"title":"\u674e\u68d5 Stephen Riady","author":"ericchong","date":"27\/02\/2020","format":false,"excerpt":"Family Company655226156 OUE (SGX) OUE C-REIT \u9999\u6e2f\u83ef\u4eba\u6709\u9650\u516c\u53f8 [TABS_R id=1427] \u529b\u5bf6\u6709\u9650\u516c\u53f8 (updating)[TABS_R id=1461] \u529b\u5bf6\u83ef\u6f64\u6709\u9650\u516c\u53f8 OUE Group OUE Commercial Real Estate Investment Trust","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"Stephen Riady","src":"https:\/\/i0.wp.com\/eblog.homochi.com\/blowater\/wp-content\/uploads\/2020\/02\/Stephen-Riady.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":2808,"url":"https:\/\/eblog.homochi.com\/blowater\/privacy-policy\/","url_meta":{"origin":2,"position":1},"title":"Privacy Policy","author":"ericchong","date":"31\/01\/2024","format":false,"excerpt":"Who we areSuggested text: Our website address is: https:\/\/eblog.homochi.com\/blowater.CommentsSuggested text: When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor\u2019s IP address and browser user agent string to help spam detection.An anonymized string created from your email address (also called\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/PaB6fy-2","_links":{"self":[{"href":"https:\/\/eblog.homochi.com\/blowater\/wp-json\/wp\/v2\/pages\/2","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eblog.homochi.com\/blowater\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/eblog.homochi.com\/blowater\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/eblog.homochi.com\/blowater\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/eblog.homochi.com\/blowater\/wp-json\/wp\/v2\/comments?post=2"}],"version-history":[{"count":0,"href":"https:\/\/eblog.homochi.com\/blowater\/wp-json\/wp\/v2\/pages\/2\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eblog.homochi.com\/blowater\/wp-json\/wp\/v2\/media\/918"}],"wp:attachment":[{"href":"https:\/\/eblog.homochi.com\/blowater\/wp-json\/wp\/v2\/media?parent=2"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}