Penjing Asset Management (Asia) Limited is an alternative asset management firm specialising in hedge fund investments. Founded by an ex-UBS team in 2005 when the Asian hedge fund industry was at a nascent stage, Penjing has one of Asia's largest, dedicated and most experienced hedge fund research teams. The investment team has an average tenure of 17 years in the fund of hedge funds ("FoHF") industry and key members has been collaborating for over 10 years.