Founder and chief investment officer of Hong Kong investment company Aspex Management, Hermes Li has led the hedge fund as it has invested in unicorns and other promising start-ups around Asia. Among the businesses the company has backed since Li established it in 2018 are Hong Kong-based travel booking platform Klook, South Korean online grocery company Kurly and game developer Npixel, and mainland Chinese companies including electric car maker Xpeng, online fresh produce supplier Dingdong Macai, and smart vehicle artificial intelligence chips manufacturer Horizon Robotics.

Before founding the company, Li was executive managing director and head of Asian equities for giant institutional alternative asset management firm Sculptor Capital Management, formerly OZ Capital Management, for which he was responsible for managing the OZ Asia Master Fund. Before joining that company in 2011, he was an executive director of Goldman Sachs.