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ASCENDER CAPITAL LIMITED including its parent companies, subsidiaries, associated entities, directors, employees, representatives or suppliers, does not accept any responsibility arising in any way for errors in or omissions from the information on this website and does not accept any liability for any loss or damage as a result of any person relying on any information on this website including any information provided by any third parties or by any inability to access this website at any time, except in the event of intentional or serious default on its part.
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IMPORTANT NOTES FOR INVESTORS

ASCENDER CAPITAL LIMITED manages two funds, namely, Ascender Capital Global Value Fund and EQUUS INVESTMENT SICAV. These two funds are subject to different selling restrictions. Details of the restrictions and underlying risks can be found in the prospectus, offering document or other information of the funds.
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APPLICABLE LEGISLATION AND JURISDICTION IN LAW

Your access to, visit to and / or use of this website and these GTC are governed by and will be interpreted in accordance with laws of Hong Kong SAR. The courts of Hong Kong SAR shall have exclusive jurisdiction regarding any dispute in this regard, notwithstanding the fact that ASCENDER CAPITAL LIMITED may choose another court that has jurisdiction regarding a similar dispute in accordance with an applicable provision of legislation. * ASCENDER CAPITAL LIMITED is located at 3001 W50, 50 Wong Chuk Hang Road, Hong Kong and regulated by the HKSFC (CE Number: BAI353).

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Invest in Asian
hidden gems

We enable investors to access mispriced, high-quality businesses across Asia, not accessible through passive or larger funds, with management teams we can trust.

Who we are

Ascender Capital is a Hong Kong based investment boutique run by entrepreneurs and managing a single equity strategy since 2012.
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We are looking for hidden gems or companies that are misunderstood by the market. Our on-the-ground presence allows us to exploit these inefficiencies while avoiding the numerous pitfalls that can be found in the region.

2012

Inception of first fund

30+

High quality portfolio companies

5x

Average portfolio EV/EBIT valuation

6

Hong Kong and Tokyo based team

Navigating Asia

Building a portfolio of hidden gems

We invest in high-quality businesses across Asia, including Japan, with a focus on inefficient segments of the market, where companies are not followed by brokers and disclosures are limited or not always available in English

Explore our strategy

Our process combines quantitative and qualitative approaches.

Idea
generation

New ideas are sourced exclusively from our proprietary Quality Universe. Our database is composed of companies that we have met since 2012 and is updated weekly.

Fundamental research

Our framework focuses on assessing business quality, minimizing biases and allowing comparison across a wide universe of geographies and business models.

Portfolio construction

Our scoring tool combines quality and valuation metrics, with cheaper and better businesses getting the best scores.

Case studies

JNBY

A Leading designer fashion brand from China with 30 years of history

ITFOR

A recurring Japanese IT services business with high market shares, strong profitability and shareholder-friendly capital allocation.

About us

Edouard
Mercier

Partner and co-CIO

Jean-Charles
Tisserand

Partner and co-CIO

Jiayi
Zhang

Investment Analyst

Jason
Fu

Investment Analyst

Ricky
Pang

Fund Accounting and Operations Manager

Nana
Yasuda

Consultant