Investing in Resilience for Sustainable Returns
About Us
Y2 Capital is a Hong Kong–based, bottom‑up Asia long/short equity manager focused on turning the region’s complexity into alpha, with a particular edge in Greater China and adjacent markets such as Japan. Led by Founder/CIO Lei Fu, who brings 20 years of public markets experience and a multi‑cycle China track record, Y2 targets consistent risk-adjusted returns through a low‑to‑moderate net, absolute‑return strategy that goes long resilient winners and shorts over‑valued losers across cyclical sectors, with strong contributions from areas such as industrials, IT, and consumer. Since its inception in August 2021, the strategy has delivered steady returns with moderate net exposure and low correlation to major regional indices, supported by deep fundamental work, proprietary stakeholder analysis, active engagement with management teams to surface and accelerate catalysts, and disciplined use of alpha shorts and targeted hedges to manage industry, macro, and policy risks.
Y2 Story
Our name Y2 is inspired by the “Year Two” Cosmic Calendar concept, proposed by US astrophysicist Carl Sagan. As he visualizes 13.8 billion years of cosmic chronology into one single year, human history only exists from 23:59:33 on Dec 31st, Year One. Any moment from now on into the future is in the first second of Year Two. We at Y2 Capital hope to build humanity’s resilience to sail through social & environmental changes together with our investors, portfolios & stakeholders.
Y2 also resonates with the question “Why to”. We value curiosity in practical investments, as much as we value the search for “purpose” of why to invest? In addition to generating returns for our investors, we hope to build a model of a responsible asset manager and to inspire an ecosystem of sustainable business leaders in Asia.
