General Inquiries: +852 3791 2339 Google+

About Admiral Investment

Founded on April 17, 2013, Admiral Investment Limited is a Hong Kong based asset manager targeting opportunities across Asia Pacific.  We are a value investor with over 40 years of investment experience among the senior investment team. Admiral Investment is a private firm, owned 100% by the management team. We take pride in the depth of our knowledge and our ability to turn knowledge into actionable, alpha generating investment ideas.

Admiral Investment is licensed by the Hong Kong Securities and Futures Commissions for dealing in securities, advising on securities and asset management.  Please click here to see Admiral's license record

All investment products of the firm are based on value investing.  Our investments are driven by investment themes that present opportunities and companies that are priced at a discount to their fair value.  We identify opportunities based on our proprietary in-house valuation models, which reflect the thorough research on a company and its industry by our specialist analysts.  Our pathway to investment success is to focus on generating investment decisions from specific niches, in which Admiral has developed and maintained a detailed level of knowledge.  Our disciplined investment process guides our investment team in performing the necessary research and valuation analysis, generating investment decisions while managing risks appropriately.




Our Team
Victor Yeung 2014-06

Victor Yeung 楊書健


Chief Investment Officer - 投資總監


Victor Yeung is Admiral’s founding managing partner and chief investment officer.  He is responsible for overall firm strategy and day-to-day management of our funds.  Before founding Admiral, Mr. Yeung was previously Managing Director, Asia Pacific Securities for LaSalle Investment Management, where he helped manage the Asia Pacific portion of the USD 10 billion Global Real Estate Securities program.  By the time he left on April 3,  2013, he was the most senior investment individual within LaSalle's Asia Pacific Securities operation. During the period between June 5, 2006 and April 3, 2013, he achieved consistent outperformance in trading real estate stocks listed in Australia, Japan, Greater China, and South East Asia.  Mr. Yeung also previously worked for Morgan Stanley and American Express.

Mr. Yeung was educated at the Massachusetts Institute of Technology (MIT).  He serves as an Educational Councilor for MIT; and he has lectured for the Asia Pacific Real Estate Association (APREA) and Hong Kong Securities Institute (HKSI) since 2008.


楊先生在麻省理工學院接受教育,是該校的教育顧問。自 2008 年開始,他開始為亞太房地產協會和香港証券及投資學會授課。


Victor Yeung's Publication

2015 - 投資房託全手冊
2014 - Impact of REITs on Asian Economies
2013 - Admiral's Field Notes: REITs and Rental Real Estate
2006 - Transforming Real Estate: A CMBS Primer

Mr Yeung also writes regular columns for publications in the United States, Australia, Hong Kong, Taiwan and Singapore.



Copyright @ Admiral Investment Limited - 安泓投資有限公司 2016 - General inquiries:

A Hong Kong Securities and Futures Commission licensed entity.  Click here for Admiral Investment's License Record.