DFX Intelligence

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N••••••••• C•••••• L••••••

Asset manager (funds and pooled vehicles)SEC-registered1 private funds· Hong Kongwebsite

Asset manager (funds and pooled vehicles), based in Hong Kong, reporting $31.8M of regulatory assets.

Composed from this adviser's Form ADV classification, location and filed figures.

As of 2026-03-27 · the latest Form ADV filing; advisor counts and movement are read from IAPD daily

Regulatory AUM: $31.8M
Advisors: 0
RAUM change, last fiscal year: -1.9%
Private clients: 0.0% of RAUM

See where advisers went See teams that moved

Advisors Where the RAUM sits

As of 2026-03-27 · the latest Form ADV filing; advisor counts and movement are read from IAPD daily

Nothing material in the last 180 days. Last change: 27 Mar 2026, RAUM $32.4M to $31.8M (-1.9%) on the Form ADV filed 27 Mar 2026, while offices fell 2 to 1.

Every filed figure, and the identifiersCRD 282377 · SEC 801-107235 · 23 filingsShow

CRD 282377SEC 801-107235First filing on the tape Jan 28, 2016, latest Mar 27, 2026SEC status approved since Feb 24, 2016IAPD

RAUM

$31.8M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

0.0%

$0 individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

Not computed

derived; firm RAUM over IAPD count

Employees

5 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

23 filings and snapshots on the tape

RAUM$31.8M as of Mar 27, 2026

Feb 8, 2017$381M then

HNW client RAUM: no history

State-registered IARs (5.B.3)0 as of Mar 27, 2026

Feb 8, 20170 then

Employees (5.A)8 as of Mar 27, 2026

Feb 8, 201711 then

Private funds1 as of Mar 27, 2026

Feb 8, 20171 then

RAUM -1.9% over the last fiscal year-71% a year over threeIARs 0 to 0offices 2 to 1

Practice profile

derived from the filing of Mar 27, 2026; every figure names its basis

The rule behind each archetype, and every derived figureShow

RAUM per advisor: unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor: unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client: unknownderivedHNW RAUM over HNW clients
Average account: $31.8MderivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: unknownderivedItem 5.A over advisors
Advisors per office: unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year: -1.9%derivedbetween the last two annual amendments
Advisor growth, one year: unknownderivedItem 5.B.3 between annual amendments
Client growth, one year: unknownderived
Compensation: percentage of assets, performance-basedreportedItem 5.E
Advisory activities: portfolio management for pooled vehiclesreportedItem 5.G
Ownership: no PE, bank or public-company owner found on Schedule Aderived
Advisor book size: not public; not estimatedreported

Also answered yes on Form ADV

has discretionary authority over which securities are bought or sold (8.C.1)
receives research or other products from a broker-dealer, soft dollars (8.E)
compensates persons for client referrals (8.G.1)
compensates non-employees for client referrals (8.G.2)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Pooled investment vehicles$31.8M100%

Individual clients: n/areported
HNW clients: n/areported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 1reported
Financial planning clients: reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUM, performancereported
Class basis: private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived

Advisor movement

Left, latest

none on the tape

Joined, latest

none on the tape

Every departure Every arrival

Advisors registered through the firm

0 on IAPD today; the 10 longest tenured

No representative is registered through this CRD on IAPD.

Private funds

1 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
N•• C•••• M••••• F•••	Hedge Fund	$31.8M	13	Jan 28, 2016

Owners and control persons

Schedule A and B, latest filing

L••• M••• T••• N•• · Chief Executive Officercontrol
since 06/2016 · owns less than 5%
L••• J• · Managing Partner, Director And Chief Investment Officercontrol
since 11/2014 · owns less than 5%
L••• J• · 8•• S••••••••• O• K• C•••••• H••••••• L••••••control
since 11/2014 · owns 75% or more of K• C•••••• H••••••• L••••••
P•••• Y• C••• · Senior Investment Analyst, Vice President
since 04/2014 · owns less than 5%

Entity owners

K• C•••••• H••••••• L•••••• · 1••• S••••••••• O• N••••••••• C•••••• M••••••••• L••••••
direct · owns 75% or more
K• C•••••• H••••••• L•••••• · 100% Shareholder Of N••••••••• Cayman Management
indirect · owns 75% or more of L••• J•

Related persons

Schedule D 7.A

N••••••••• C•••••• L••••••
investment advisery

Offices

Schedule D 1.F, the 25 largest

Shanghai, China7 employees
Hong Kong, Hong Kong3 employees

What changed

consecutive filings, newest first

Employees · 7 to 8
Feb 5, 2025 to Mar 27, 2026
Other offices · 2 to 1
Feb 5, 2025 to Mar 27, 2026
Discretionary RAUM · $32.4M to $31.8M
Feb 5, 2025 to Mar 27, 2026
Pooled vehicle RAUM · $32.4M to $31.8M
Feb 5, 2025 to Mar 27, 2026
RAUM · $32.4M to $31.8M
Feb 5, 2025 to Mar 27, 2026

Full history · 80 changes

Related adviser · true to false
Feb 5, 2025 to Mar 27, 2026
Advisory employees · 7 to 5
Mar 6, 2024 to Feb 5, 2025
Business name · N••••••••• C•••••• S•••••••• P••• L••• to N••••••••• C•••••• L••••••
Mar 6, 2024 to Feb 5, 2025
Employees · 11 to 7
Mar 6, 2024 to Feb 5, 2025
Financial planning clients · unset to
Mar 6, 2024 to Feb 5, 2025
HQ state · unset to
Mar 6, 2024 to Feb 5, 2025
Legal name · N••••••••• C•••••• S•••••••• P••• L••• to N••••••••• C•••••• L••••••
Mar 6, 2024 to Feb 5, 2025
Discretionary RAUM · $35.9M to $32.4M
Mar 6, 2024 to Feb 5, 2025
Pooled vehicle RAUM · $35.9M to $32.4M
Mar 6, 2024 to Feb 5, 2025
RAUM · $35.9M to $32.4M
Mar 6, 2024 to Feb 5, 2025
Accounts · 3 to 1
Mar 23, 2023 to Mar 6, 2024
Advisory employees · 13 to 7
Mar 23, 2023 to Mar 6, 2024
Advisory activities · 2 to 1
Mar 23, 2023 to Mar 6, 2024
Pension plan clients · 2.0 to unset
Mar 23, 2023 to Mar 6, 2024
Employees · 20 to 11
Mar 23, 2023 to Mar 6, 2024
HQ city · S•••••••• to HONG KONG
Mar 23, 2023 to Mar 6, 2024
Discretionary RAUM · $1.3B to $35.9M
Mar 23, 2023 to Mar 6, 2024
Pension RAUM · 832819881.0 to unset
Mar 23, 2023 to Mar 6, 2024
Pooled vehicle RAUM · $420M to $35.9M
Mar 23, 2023 to Mar 6, 2024
RAUM · $1.3B to $35.9M
Mar 23, 2023 to Mar 6, 2024
Accounts · 5 to 3
Mar 24, 2022 to Mar 23, 2023
Advisory employees · 11 to 13
Mar 24, 2022 to Mar 23, 2023
Pension plan clients · 4 to 2
Mar 24, 2022 to Mar 23, 2023
Employees · 21 to 20
Mar 24, 2022 to Mar 23, 2023
Discretionary RAUM · $2.6B to $1.3B
Mar 24, 2022 to Mar 23, 2023
Pension RAUM · $2.0B to $833M
Mar 24, 2022 to Mar 23, 2023
Pooled vehicle RAUM · $529M to $420M
Mar 24, 2022 to Mar 23, 2023
RAUM · $2.6B to $1.3B
Mar 24, 2022 to Mar 23, 2023
Accounts · 6 to 5
Apr 22, 2021 to Mar 24, 2022
Discretionary RAUM · $3.6B to $2.6B
Apr 22, 2021 to Mar 24, 2022
Pension RAUM · $2.4B to $2.0B
Apr 22, 2021 to Mar 24, 2022
Pooled vehicle RAUM · $490M to $529M
Apr 22, 2021 to Mar 24, 2022
RAUM · $3.6B to $2.6B
Apr 22, 2021 to Mar 24, 2022
Advisory employees · 10 to 11
Jan 20, 2021 to Apr 1, 2021
Corporate clients · 5.0 to unset
Jan 20, 2021 to Apr 1, 2021
Pension plan clients · unset to 4.0
Jan 20, 2021 to Apr 1, 2021
Employees · 15 to 21
Jan 20, 2021 to Apr 1, 2021
Discretionary RAUM · $2.2B to $3.6B
Jan 20, 2021 to Apr 1, 2021
Pension RAUM · unset to 2434435650.0
Jan 20, 2021 to Apr 1, 2021
Pooled vehicle RAUM · $273M to $490M
Jan 20, 2021 to Apr 1, 2021
RAUM · $2.2B to $3.6B
Jan 20, 2021 to Apr 1, 2021
Business name · N••••••••• C•••••• L•••••• to N••••••••• C•••••• S•••••••• P••• L•••
Jun 16, 2020 to Jan 20, 2021
Legal name · N••••••••• C•••••• L•••••• to N••••••••• C•••••• S•••••••• P••• L•••
Jun 16, 2020 to Jan 20, 2021
Succession · true to false
Jun 16, 2020 to Jan 20, 2021
Business name · N••••••••• C•••••• S•••••••• P••• L••• to N••••••••• C•••••• L••••••
Apr 27, 2020 to Jun 16, 2020
HQ city · CENTRAL to S••••••••
Apr 27, 2020 to Jun 16, 2020
Legal name · N••••••••• C•••••• S•••••••• P••• L••• to N••••••••• C•••••• L••••••
Apr 27, 2020 to Jun 16, 2020
HQ city · S•••••••• to CENTRAL
Mar 9, 2020 to Apr 27, 2020
Related bank · true to false
Mar 9, 2020 to Apr 27, 2020
Succession · false to true
Mar 9, 2020 to Apr 27, 2020
Business name · N••••••••• C•••••• M••••••••• L•••••• to N••••••••• C•••••• S•••••••• P••• L•••
Feb 12, 2020 to Mar 9, 2020
Legal name · N••••••••• C•••••• M••••••••• L•••••• to N••••••••• C•••••• S•••••••• P••• L•••
Feb 12, 2020 to Mar 9, 2020
Discretionary RAUM · $1.5B to $2.2B
Feb 12, 2020 to Mar 9, 2020
Pooled vehicle RAUM · $219M to $273M
Feb 12, 2020 to Mar 9, 2020
RAUM · $1.5B to $2.2B
Feb 12, 2020 to Mar 9, 2020
Succession · true to false
Feb 12, 2020 to Mar 9, 2020
HQ city · HONG KONG to S••••••••
Mar 14, 2019 to Feb 12, 2020
Other offices · 1 to 2
Mar 14, 2019 to Feb 12, 2020
Succession · false to true
Mar 14, 2019 to Feb 12, 2020
Accounts · 4 to 6
Aug 9, 2018 to Feb 26, 2019
Advisory employees · 8 to 10
Aug 9, 2018 to Feb 26, 2019
Corporate clients · 3 to 5
Aug 9, 2018 to Feb 26, 2019
Employees · 11 to 15
Aug 9, 2018 to Feb 26, 2019
Organization form · Corporation to Other (specify)
Aug 9, 2018 to Feb 26, 2019
Discretionary RAUM · $1.2B to $1.5B
Aug 9, 2018 to Feb 26, 2019
Pooled vehicle RAUM · $195M to $219M
Aug 9, 2018 to Feb 26, 2019
RAUM · $1.2B to $1.5B
Aug 9, 2018 to Feb 26, 2019
Other offices · 1 to 2
Jan 29, 2018 to Aug 9, 2018
Other offices · 2 to 1
Aug 9, 2018 to Aug 9, 2018
Accounts · 3 to 4
Feb 8, 2017 to Jan 29, 2018
Advisory employees · 6 to 8
Feb 8, 2017 to Jan 29, 2018
Advisory activities · 1 to 2
Feb 8, 2017 to Jan 29, 2018
Corporate clients · unset to 3.0
Feb 8, 2017 to Jan 29, 2018
Pooled vehicle clients · unset to 1.0
Feb 8, 2017 to Jan 29, 2018
Other offices · unset to 1.0
Feb 8, 2017 to Jan 29, 2018

Signals

14 dated events

••• Locked
Mar 27, 2026 · ria principal change · fact
••• Locked
Mar 27, 2026 · ria office closed · derived
••• Locked
Mar 27, 2026 · Control person joined · fact
••• Locked
Mar 6, 2024 · RAUM change · derived
••• Locked
Mar 6, 2024 · Control person left · inference

Full timeline · 14 events

••• Locked
Mar 6, 2024 · Control person left · inference
••• Locked
Mar 6, 2024 · Control person left · inference
••• Locked
Mar 23, 2023 · RAUM change · derived
••• Locked
Mar 24, 2022 · RAUM change · derived
••• Locked
Apr 1, 2021 · RAUM change · derived
••• Locked
Mar 9, 2020 · RAUM change · derived
••• Locked
Feb 12, 2020 · Succession (Item 4) · fact
••• Locked
Jan 29, 2018 · RAUM change · derived
••• Locked
Jan 28, 2016 · First SEC registration · fact

Across DFX

shared identifiers only, never a name match

No identifier-backed link to the venture, private equity, family office or sponsor graphs.

How to reach

public business contact points only, each with its source

Website: ••• Lockedreportedpublic record, Form ADV, Mar 27, 2026
Principal office phone: ••• Lockedreportedpublic record, Form ADV, Mar 27, 2026

Provenance

Form ADV: SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors: IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class: Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
RAUM per advisor: Not computedderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026

Not yet on record: net advisor flow, 12 months.