Watercourse Advisors to join Penjing Asset Management after one year on the OPIM Platform

HONG KONG,Oct. 8,2018 -- Penjing Asset Management (Asia) Limited ("Penjing Asset Management") today announced its agreement to incubate Watercourse Advisors ("Watercourse"),a global macro focused firm founded by Wei Liao.

Ms. Liao,Founder and Portfolio Manager of Watercourse Advisors,will join Penjing Asset Management,managing the same strategy currently on the OP Investment Management ("OPIM") Platform. Watercourse Macro Fund,a continuation of the BIA Pacific Macro Fund which re-activated in November 2016,deploys a global macro strategy around strategic global themes and tactical trading opportunities.

The long-short portfolio covers the Asia-Pacific region,Europe,and the US,in highly liquid and transparent instruments such as equities,commodities,bonds,and currencies. The fund will complete transition by December 2018 after only one year on OPIM's platform.

"Wei's ability to manage volatility conveys her deep respect for risk. She comes to the firm with a thematic research approach we know well from her history,married with a disciplined portfolio management framework," Mr. Ronnie Wu,Co-Founder and CIO of Penjing Asset Management explained. "We couldn't be more pleased to welcome her to the Penjing family."

"I am looking forward to joining Penjing Asset Management and continuing to lead Watercourse Macro Fund from 2019 onward. I would like to express my gratitude to Alvin Fan and OPIM for their partnership over the last year," Ms. Liao remarked.

"Wei's time with OPIM has been short,but given her pedigree,we are not surprised.In fact,she is one of the fastest to spin off our platform ever. We are thrilled to see emerging talent getting the recognition they deserve from our institutional partners," added Mr. Alvin Fan,Chief Executive Officer at OPIM.

OPIM will continue supporting Watercourse Macro Fund,retained as investment advisor for Penjing Asset Management.

Watercourse is the second graduate off the OPIM platform in 2018 after Petrel Capital announced in July this year.

About Penjing Asset Management (Asia) Ltd.

Founded in March 2005,Penjing Asset Management (Asia) Ltd is an Asia-based firm dedicated in managing fund of hedge funds ("FoHFs") portfolios. Penjing has one of Asia's largest and most experienced hedge fund research teams,with key investment professionals averaging 17 years of industry experience. With the firm's global expertise and local presence and the mission to be the "gatekeeper" for investors seeking Asian hedge fund exposure,Penjing provides a "trusted channel" for global institutions,family offices and high-net-worth individuals to participate in Asian hedge fund investment opportunities. The firm's clientele stretches across Asia,Europe and the Americas.

About OP Investment Management Ltd.

OPIM is a leading Hong Kong based asset management company established and licensed since 2004 with Hong Kong Securities and Futures Commission (the "SFC") to carry out Type 4 (advising on securities) and 9 (asset management) regulated activities under the provisions of the Securities and Futures Ordinance (Cap.571) (the "HK SFO"). The company is also a member of the Oriental Patron Financial Group and associate of OP Financial Ltd. (Hong Kong publicly listed 1140.HK). OPIM partners with emerging managers to develop innovative strategies for institutional and professional investors. OPIM's institutional fund platform attracts both managers and investors from around the world working with the industry's best business partners in alternative asset management.

About the Oriental Patron Financial Group

Founded in 1993,Oriental Patron Financial Group is an independent financial services group based and fully licensed in Hong with the Hong Kong Securities and futures Commission (the "SFC"). Oriental Patron provides a diverse range of financial securities from Advisory to Investing,Financing to Securities and Research.

For more information,please contact:

OPIM

Tel: (852) 2916 9213

Fax: (852) 2916 9223

E-mail: info@opim.com.hk

Website: www.opim.com.hk

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