Cephei Capital
Long-term Investor in All-China Equities

21

Investments Professionals

16

Years of Investing in the China Market

$7bn

AUM
China specialist investment manager with 16 years of proven track record

Cephei Capital was founded in 2006 with a sizeable overseas endowment as the initial investor investing in China’s capital markets. Thanks to Cephei’s sophisticated and mature investment process, stable investment team, strong local expertise, and the support from the long-term capital we manage, the Firm has generated consistent and strong returns from absolute and relative perspectives. Cephei capital is registered with the Asset Management Association of China (AMAC), Securities & Futures Commission of Hong Kong (SFC), US Securities and Exchange Commission (SEC), Ontario Securities Commission (OSC), and Central Bank of Ireland (CBI).

Expert team servicing long-term global capital

Cephei Capital’s mission is to generate long-term strong investment returns for investors. Cephei employs a team of true experts to manage long-term capital to achieve this goal. Cephei has developed a high-quality investor base whose investment objectives and horizon align with Cephei’s investment philosophy. The investors of the Total Return Strategy are mainly endowments, foundations, and family offices, while the investors of the Relative Return Strategy are primarily pension funds and sovereign wealth funds. Thanks to the partnership arrangement and coherent firm culture, Cephei has built a high-quality investment team with solid expertise, rich experience, and stability.


Map of Investors
Long-term Investor in All-China Equities

Cephei’s team and market are local, while Cephei’s clients, operations, and investment philosophy are international. The Firm has a proven record of combining its local knowledge and connections with a mature, fundamentally driven, long-term investment approach to service institutional investors. The Firm manages two investment strategies that share the same investment philosophy, process, research support, and stock pool. To meet the demands of different investors, Cephei has created two strategies with the following investment objectives and portfolio construction:

·Total Return Strategy is index-agnostic with the investment objective of generating double-digit annualized returns on a three-year rolling basis.

·Relative Return Strategy is designed to achieve 500bps annualized outperformance over the benchmark index on a three-year rolling basis. 

Our Strategies
Cephei’s investment philosophy is to find what we consider the best companies from the most promising sectors benefiting from the profound transition of China’s domestic economy. We take a long-term investment approach with these high-quality companies to generate sustainable returns. We achieve this through our in-depth and rigorous fundamental research, strong local expertise, and connections. Cephei Capital employs a growth at a reasonable valuation and contrarian-oriented approach with a bias towards medium and large cap stocks over a long-term investment horizon.
Investment Team
Li Gang
Executive Chairman
Cephei Capital
Min Yu
CEO
CIO
Pei Yinyin
Co-CIO
Head of Research
Li Shihan
Senior Portfolio Manager
Managing Director
Wang Wei
Deputy Head of Research
Managing Director
Cephei Culture
  • C
  • E
  • P
  • H
  • E
  • I
  • C
  • A
Commit to Ethics and Integrity
Embrace Equality and Diversity
Pursue Preservation and Accountability
Honour Excellence and Sustainability
Encourage Open Communication
Impower Talents and Leaders
Collaborate for Success
Award Long-time achievements
Latest News
San Francisco City & County Employees recommended allocations of up to $200 million for Cephei Capital.
2022年06月08日
San Francisco City & County Employees recommended allocations of up to $200 million for Cephei Capital.
The San Francisco City & County Employees' Retirement System board will consider an opportunistic allocation of roughly $400 million to actively managed China A shares listed in Shanghai and Shenzhen.
  • 2024年05月22日
    Cephei Capital
    2023 Proxy Voting Statement
    Read More
  • 2023年12月29日
    Cephei Capital Takes Decisive Step Forward on Climate Change Disclosure
    Read More
  • 2023年12月29日
    Forward-looking Value Creation through Active Engagements.
    Read More
  • 2022年04月12日
    AP2 allocated $270 million to Cephei Capital Management
    Read More
Cephei Capital
Long-term Investor in All-China Equities
Overview

21

Investments Professionals

16

Years of Investing in the China Market

$7bn

AUM
China specialist investment manager with 16 years of proven track record

Cephei Capital was founded in 2006 with a sizeable overseas endowment as the initial investor investing in China’s capital markets. Thanks to Cephei’s sophisticated and mature investment process, stable investment team, strong local expertise, and the support from the long-term capital we manage, the Firm has generated consistent and strong returns from absolute and relative perspectives. Cephei capital is registered with the Asset Management Association of China (AMAC), Securities & Futures Commission of Hong Kong (SFC), US Securities and Exchange Commission (SEC), Ontario Securities Commission (OSC), and Central Bank of Ireland (CBI).

Expert team servicing long-term global capital

Cephei Capital’s mission is to generate long-term strong investment returns for investors. Cephei employs a team of true experts to manage long-term capital to achieve this goal. Cephei has developed a high-quality investor base whose investment objectives and horizon align with Cephei’s investment philosophy. The investors of the Total Return Strategy are mainly endowments, foundations, and family offices, while the investors of the Relative Return Strategy are primarily pension funds and sovereign wealth funds. Thanks to the partnership arrangement and coherent firm culture, Cephei has built a high-quality investment team with solid expertise, rich experience, and stability.


Map of Investors
Long-term Investor in All-China Equities

Cephei’s team and market are local, while Cephei’s clients, operations, and investment philosophy are international. The Firm has a proven record of combining its local knowledge and connections with a mature, fundamentally driven, long-term investment approach to service institutional investors. The Firm manages two investment strategies that share the same investment philosophy, process, research support, and stock pool. To meet the demands of different investors, Cephei has created two strategies with the following investment objectives and portfolio construction:

·Total Return Strategy is index-agnostic with the investment objective of generating double-digit annualized returns on a three-year rolling basis.

·Relative Return Strategy is designed to achieve 500bps annualized outperformance over the benchmark index on a three-year rolling basis. 

Our Strategies
Cephei’s investment philosophy is to find what we consider the best companies from the most promising sectors benefiting from the profound transition of China’s domestic economy. We take a long-term investment approach with these high-quality companies to generate sustainable returns. We achieve this through our in-depth and rigorous fundamental research, strong local expertise, and connections. Cephei Capital employs a growth at a reasonable valuation and contrarian-oriented approach with a bias towards medium and large cap stocks over a long-term investment horizon.
We invest in existing or emerging industry leaders with strong core competencies and promising long-term growth potential.
We look for companies with quality management who have vision, execution capability, a proven track record of consistently creating value for shareholders, and importantly, a proper alignment of interests with minority shareholders.
We are disciplined on valuation and contrarian under extreme market conditions.
Investment Team
Li Gang
Executive Chairman
Cephei Capital
Min Yu
CEO
CIO
Pei Yinyin
Co-CIO
Head of Research
Li Shihan
Senior Portfolio Manager
Managing Director
Wang Wei
Deputy Head of Research
Managing Director