Raymond Lee
Managing Partner and Chief Investment Officer
Raymond Lee is the Founder and Chief Investment Officer of Torica, where he holds ultimate responsibility for the firm’s investment portfolios, strategy, and team. With two decades of experience at leading financial institutions and investment firms, Raymond brings deep expertise in fixed income and credit, spanning global macro, rates, and credit across both public and private markets.
Prior to founding Torica, Raymond spent 11 years at Kapstream Capital as Managing Director and Head of Credit. In this role, he served as Lead and Senior Portfolio Manager overseeing more than $14 billion in global fixed income and credit portfolios across a range of absolute return strategies. Under his leadership, Kapstream became recognised as one of the industry’s leading credit investment firms.
Prior to joining Kapstream, Raymond worked at a $6 billion global special situations hedge fund that spun out from Highbridge Capital Management, and at Goldman Sachs. Raymond holds a Bachelor of Laws and a Bachelor of Commerce (Finance) from the University of New South Wales, graduating with Distinction. He has also been admitted as a lawyer of the Supreme Court of New South Wales.
Alwyn Hung
Partner and Portfolio Manager
Alwyn is a Partner and Portfolio Manager at Torica, focused on macro, rates and credit strategies. With over two decades of experience, Alwyn held senior roles at HSBC, ABN Amro and the boutique fixed income asset manager Mason Stevens. Alwyn has a deep understanding of global fixed income and credit through his experience investing in key financial hubs, notably New York, London, Hong Kong and Sydney.
Prior to joining Torica, Alwyn was a Senior Portfolio Manager for Mason Stevens, lead managing a number of global and domestic fixed income strategies. Alwyn’s responsibilities included the strategic positioning of the firm’s credit fund from a macro, rates and credit perspective. He also led research and was responsible for portfolio construction, asset allocation and risk.
Prior to Mason Stevens, Alwyn held senior roles at ABN Amro and HSBC as a portfolio manager, strategist and trader within their principal investments, securitisation and debt origination divisions. Alwyn also had direct stewardship over multi-billion dollar fixed income, credit and securitisation portfolios where he was responsible for portfolio strategy, proprietary trading, risk management and origination. Alwyn holds a Bachelor of Commerce and Economics from the Australian National University.