Overview
Overview
Red Cliff Asset Management Limited (“Red Cliff”, the “Firm”, “We”, “Our”, or “Us”) is a company
domiciled in Hong Kong, SAR and wholly owned by Mr. William K. Lee. Red Cliff was incorporated with
limited liability in Hong Kong on 15 June 2012 and is licensed for Type 9 (asset management) regulated
activities by the Securities and Futures Commission (“SFC”) under the Securities and Futures Ordinance
(“SFO”) of Hong Kong. Red Cliff is also registered with the National Futures Association (“NFA”) as a
Commodity Pool Operator (“CPO”) operating under exemption 4.7, and it is exempt from registering as
a Commodity Trading Advisor (“CTA”) operating under Section 4m(1) of the Commodity Exchange Act
and CFTC Rule 4.14(a)(10).
Funds Structure
Red Cliff serves as the Investment Manager to Red Cliff Asia (Master) Fund (the “Master Fund”) and Red
Cliff Asia Fund (the “Feeder Fund” and together with the Master Fund, the “Funds”), both of which are
organized as private pooled investment vehicles. The Funds have appointed Red Cliff to provide
investment management activities in respect of the Funds pursuant to the investment management
agreement, pursuant to which Red Cliff has full discretionary management authority over the investment
activities of the Funds, including the authority to determine which investments are to be bought and
sold and the amounts of such
investments that are appropriate, in accordance with the guidelines set
forth in the investment management agreement. Any limitation on such authority is described in the
Funds’ investment management agreement.
Additionally, Red Cliff has separate investment management/sub-advisory agreements in place to serve
as a manager/subadvisor to three managed fund accounts (each a “Managed Fund” and collectively with
the Funds, the “Clients”) over which Red Cliff as the manager/subadvisor will have full discretionary
management authority, including the authority to determine which investments to be bought and sold
and the amounts of such investments that are appropriate, in accordance to the guidelines set forth in
the investment management agreements. Any limitation on such authority will be described in the
investment management/sub-advisory agreements.
Red Cliff has approximately US$ 858.96 million of assets under management as of 31 December 2023,
all of which it manages on a discretionary basis.
Principal Owners
Red Cliff is wholly owned by Mr. William K. Lee.
Types of Services Offered
As the investment manager, Red Cliff manages the Funds on a discretionary basis, subject to investment
policies and restrictions set out in the constitution documents, and primarily focuses on liquid markets
of both developed and developing economies with an emphasis on pan-Asia.