Macro Trends: Bridging Quantitative & Fundamental Research

Chang Hwan Sung is a Portfolio Manager for the Invesco Solutions team, based in Hong Kong. This group develops and manages asset allocation strategies and comprehensive portfolio solutions across institutional and private client channels. In this role, his responsibilities focus on research and asset allocation involving Asian asset classes and management of multi-asset portfolios for Asian clients.

Mr. Sung joined Invesco in 2018. Prior to joining the firm, he was head of quantitative investments at Samsung Asset Management (HK). Before that, he was director and portfolio
manager for Asian quantitative equities at BlackRock, based in San Francisco and Hong Kong. Mr. Sung has been in the industry since 2006.

Mr. Sung earned a BS degree from Seoul National University and an MS in financial mathematics and a PhD in management science and engineering from Stanford University. He is a Chartered Financial Analyst® (CFA) charterholder.

Josephine Wu is the Chief Investment Officer of Sapere Capital Management Limited, an asset management platform which provides global asset allocation and investment solutions focused on capital appreciation and wealth preservation for families, corporates and entrepreneurs. Josephine brings a diverse perspective developed from fundamental research and her in-depth knowledge of markets and economies gained throughout her career as a trader, analyst and portfolio manager. She has managed multi-billion dollar portfolios with investments across different asset classes globally, especially in the pan-Asia region.

Josephine has 20 years’ experience in the investment industry in New York and Hong Kong. She is currently on various advisory boards and committees focused mainly on innovative industries. She worked as Head Trader and Equity Analyst at L-R Global Partners, L.P. a New York based hedge fund and later started L-R Managers Asia, Ltd. in Hong Kong as General Partner. Josephine was the Portfolio Manager at Yu Ming Investment Management Limited, a family office, before moving to Robeco Hong Kong Limited, a Dutch asset manager, as Portfolio Manager, where she co-managed the Chinese Equity Fund and a few pan- Asia regional funds. At Light & Salt Capital Management Limited (previously E.I. Sturdza Investments (Asia) Limited), she was Managing Partner & Deputy Chief Investment Officer. Josephine later joined UBP Asset Management Asia Ltd. as Managing Director and Head of Asia Absolute Return and Alternative Strategies.

Richard Xu is currently a full professor in the Department of Mathematics of Hong Kong Baptist University. His research areas are machine learning and artificial intelligence. Since 2009, he has created over 2,000 slides of free machine learning online PhD training notes and videos. While working in Australia, his team worked across Australia’s finance, e-commerce, government, transport, utilities, agriculture, communications, construction, retail, and legal sectors. He has founded a number of machine learning meetup groups in several cities, with more than 5,400 members.

Chang Shu is Bloomberg’s Chief Asia Economist, based in Hong Kong. She leads a team to research into China, Japan, Australia and other major economies in the Asia-Pacific. She previously worked as a senior economist at the Bank for International Settlements and Hong Kong Monetary Authority. In those capacities, she researched widely into the global and Chinese economies. She was also closely involved into policy work including renminbi internationalisation. Prior to these, she also worked at the Bank of England. She is also a director at the Chinese Financial Association of Hong Kong.

Zhaozhen Qian is a quantitative researcher in the BQuant Enterprise Edition, based in New York. He primarily focuses on macro and non-equity products, with a dedication to developing various strategies and risk management models in macroeconomics, economics, fixed income, derivatives, and foreign exchange. He joined Bloomberg in March 2023.

Prior to that, Zhaozhen Qian worked at a well-known international high-frequency hedge fund where he built fixed-income quantitative and intraday data platforms and conducted research on related strategies. Before his time at the hedge fund, he was part of the GAA team at AQR, where he was responsible for various non-equity strategies, including macro, fixed income, foreign exchange, and credit strategies. He began his career at Amundi (Dongfang HuiLi) Asset Management Company, focusing on subjective macro strategies and modeling corporate bonds and mortgage-backed securities.

Zhaozhen  Qian graduated from Renmin University of China and the Fuqua School of Business at Duke University.

Dr. Eugene Lim, a Quantitative Market and Product Specialist at Bloomberg, joined in December 2023, bringing over 20 years of expertise in quantitative investment and portfolio management. In his current role, Eugene provides practical guidance and market views to clients and actively contributes to Bloomberg’s Quantitative tools and data development based on client feedback.

Eugene has achieved a number of milestones, including developing market convention enhancements for Hong Kong, Taiwan, and Korea, and spearheading a network of Quantitative investors.

Before joining Bloomberg, He was a quantitative portfolio manager in multiple firms, including Macrovalue investors Hong Kong (Macro long/short, market neutral), Deutsche Asset & Wealth Management Singapore (Global active equity – ESG), and Vanguard Investment Australia (Multi-asset allocation strategy). He also served as a head of the quantitative strategy in the AIA insurance group (TAA/SAA) and applied research in MSCI (Factor/risk model research).

Before entering the finance industry, Eugene was a data scientist at Royal Prince Alfred Hospital in Australia. Eugene obtained his B.A. in Computer Science with honors and Ph.D. in science from the University of Sydney. He completed his post-graduate studies in Applied Finance at Macquarie University. Eugene enjoys contributing to the community by participating in Bloomberg’s BOB program.