Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Ex-BlackRock fund manager launches tech-focused firm

Ex-BlackRock fund manager launches tech-focused firm

Former Moneyfarm and BlackRock portfolio manager Yuchen Xia has launched an investment advisory firm, which will look to draw heavily on technology to reduce costs for clients.

The company, New Horizon Investment Management, will aim to automate as much of the client experience as possible, such
as the onboarding process to assess client risk profiles.

Apart from investment advisory and management the company will also provide capital market advisory for institutional clients,  helping them to raise capital from investors such as venture capital and private equity investors. 

Additionally New Horizon has signed a partnership deal with an as yet unnamed asset manager, which will provide the discretionary management of client assets. The two companies have also launched three risk-weighted managed portfolio funds.

Xia, who previously worked as part of portfolio and asset allocation team for the UK at robo firm Moneyfarm, will sit on the investment committee which will oversee the funds and also serves as co-manager of the portfolios.

‘The aim is to offer a low cost efficient way of managing money, so we will predominantly use exchange traded funds and cost comparative mutual funds,’ he said.

'It’s a boutique investment management and advisory business that is set out to serve a range of clients, from mass affluent to ultra-high net worth individual, as well as institutions.

‘For me it’s very important that we can pass on the benefits gained from our digitalisation to our clients, so that they can be best served to fulfil their investment needs.’

Xia spent six years at BlackRock as a portfolio manager, where he helped run multi-asset, volatility managed and liability driven investment strategies.

He joined Moneyfarm as a portfolio manager in 2015, where his focus included covering currency and fixed income, as well as day-to-day portfolio management.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter