Established in 2017, D&H Capital Management (“D&H”) is a Korea-registered investment management company co-founded by Daniel Hyung Tae Kim (CEO) and David Hong (CIO). Daniel and David, high school friends, believed great investment opportunities existed in the Korean stock market. Because of significant market inefficiencies, it was not difficult to find even big name Korean companies trading at unrealistic valuation multiples. They studied investment strategies and philosophies throughout college and during professional experience at UBS (M&A, ECM), JPMorgan (Energy Sector), Sanford C. Bernstein (IT Sector), KJ Partners (Hedge fund), etc. and realized that special situation strategy could generate significant alpha in Korea because 1) sophisticated overseas investors have difficulty covering Korean companies due to language issues (most company filings are only available in Korean), size issue, etc. and 2) many mid-to-small cap stocks in Korea are under-researched especially if they have complex special situations events such as M&A, spin-off, etc. In Sep 2015, they launched a special-situation fund with no seed funding to test their hypothesis. In Oct 2017, D&H launched a special situation fund investing in Korean equities, and have been applying deep-dive and innovative research techniques to uncover company-specific investment opportunities that are uncorrelated with market or macro movements.
Daniel HT Kim (Managing Partner & CEO)
- Boston College – B.A. in Finance and Accounting
- UBS Investment Banking (Seoul, M&A/ECM)
- Member of Mensa
David Hong (Managing Partner & CIO)
- Cornell University – B.A. in Economics
- JPMorgan Investment Banking (NY, Energy sector), Sanford C. Bernstein (NY, IT sector), KJ Partners (Seoul/NY, Hedge fund)