We focus on our competitive strengths.

We build successful investment strategies through our competitive advantages of extensive network across industries
and deep knowledge of the Asia credit market.

Investment Team

Kenny Chung,

CFA

Executive Director, Portfolio Manager, Public Credit Investments, Astera Capital Partners

Kenny Chung currently serves as an Executive Director and Portfolio Manager for Astera Capital. He has 11 years of portfolio management and investment research experience in the fixed income industry.
Mr. Chung was featured as 1 of the 50 rising stars in Tomorrow’s Titans by The Hedge Fund Journal in 2023 and recognized as one of The Asset’s Most Astute Investors in Asian G3 Bonds for 3 consecutive years from 2021 to 2023.

Prior to joining Astera , Mr. Chung served as a Portfolio Manager at GaoTeng Global Asset Management from 2018 to 2021, managing an average of US$ 1 billion in assets. The co-managed fund was awarded ‘Hong Kong Fund Launch of the Year’ at 2020 Best of the Best Awards by Asia Asset Management, ‘Best New Product – Fixed Income’ by Insights & Mandate Professional Investment Awards in 2020.  

Mr. Chung has been regularly invited to speak in various media channels on topics regarding to Asia Credit Markets and China Property including Bloomberg, Wall Street Journal, Reuters, RiskReversal, TVB, Now TV, Sina Finance, Hong Kong Economic Journal, Hong Kong Economic Times, South China Morning Post and Metro Finance Radio FM104.

He was also an analyst and trader at HuaAn Asset Management during 2014 to 2018.

He holds a bachelor’s degree of Economics and Finance from the University of Hong Kong and a Chartered Financial Analyst (CFA) qualification.

Executive Director, Flow Capital

Investment Strategies

Explore the vast world of public and private credits and grasp the opportunities in volatility.

Public Credit -
Long / Short Credit Strategy

Launched in 2021, our public credit strategy focuses on adopting a long/short approach that offers similar risk return profile to traditional fixed income, but with different performance drivers.

  • We take advantage of opportunities arising from the Asian Credit Markets and Global Credit Events by leveraging various fixed income instruments, such as senior and subordinated bonds, perpetual debts, convertible bonds, options and swaps including CDS.

  • We aim to outperform major fixed-income indices throughout multiple credit cycles and maintain a low correlation with general market beta.

  • Our award-winning investment team’s market expertise and strong execution capabilities will help generate a sustainable net return to our investors.

Private Credit

Launched in 2021, our private credit strategy focuses on the investment opportunities in asset-backed lending, structured lending, special situation and distressed debt across Asia and other major developed markets.

  • We possess an unparalleled deal sourcing network through the prominent network of relationships of our Founding Partners and Limited Partners, and their deep understanding of the local and international markets.

  • We work with experienced legal, asset management and servicing teams to support the execution of this strategy.

  • Our strategy strives to generate positive long-term returns for our investors with the investment team’s market expertise and strong execution capabilities.

All investment products are managed by Flow Capital (HK) Limited.

Flow Capital (HK) Limited serves Professional Investors only.