Readings For The Week (11/12)

This week’s readings include recommendations for the book of the year from a range of global leaders, a review of John Pomfret’s new book on the centuries-old relationship between the US and China and a new research report published by Matthews Asia. The best books of 2016: Leaders from the worlds of academia, finance, industry, politics and technology put […]

Ellerston Asian: Thematic Investing

Ellerston Asian Investments (EAI) is an ASX-listed investment company. Launched in September 2015, the fund is Ellerston Capital’s first Asia-focused offering. The portfolio is managed by Mary Manning, who was previously with Oaktree Capital and Soros Fund Management. The fund combines bottom-up analysis with a macro overlay, identifying key thematics likely to drive equity markets in […]

Update On Ming Fai

As expected, Ming Fai has called for a board meeting on December 16 to approve the declaration and payment of a special dividend. If approved, the company will make a further announcement following the board meeting to set out the details of the dividend. For more about the company and situation, see my post here. David […]

Readings For The Week (4/12)

This week’s readings include the latest annual report of the Vietnam Opportunity Fund, a reflective letter from Peter Churchouse to his younger self and an interview with Professor Lee Sing-Kong on why global competence is increasingly important in today’s world.  2016 annual report: Full year results for VinaCapital’s Vietnam Opportunity Fund. Includes commentary on how the board […]

Readings For The Week (28/11)

This week’s readings include the Panah Fund’s third quarter letter to investors, a critical view of India’s demonetisation and a detailed interview with Jack Bogle. Letter to investors Q3 2016: Andrew Limond of the Panah Fund reviews the macro environment in the Greater China region and reflects on the fund’s first three years in operation. Chaos in the wake of […]

Ming Fai: Special Situation

Here is an activist situation in play that could be interesting to follow: Ming Fai is a HK-listed company that both manufactures and supplies amenity products to the hotel, hospitality and travel industries. The core business contributes the majority of the group’s revenue and has been profitable over time. In 2015, for example, the segment generated ~HK$1,678m […]

Readings For The Week (20/11)

This week’s readings include market commentary for November from the Aberdeen Asian equity team, a blog post by Michael Pettis on the policy trade-offs facing the Chinese government and a look at the recent crackdown on black money in India. Aberdeen’s monthly commentary (November 2016): The Asian equity team share their outlook for Asian markets and discuss recent […]

CC Asia Alpha Buys NetEase

Coupland Cardiff’s Asia Alpha Fund reported a new position in NetEase last month. The company is one of the largest online and mobile gaming companies in China. Its gaming portfolio includes Fantasy Westward Journey II, Tianxia III, Heroes of Tang Dynasty Zero and Ghost II. It also operates some of the most popular international online games in China […]

Readings For The Week (13/11)

This week’s readings include a NYT profile of Yale’s David Swensen, an opinion piece by George Magnus on the omens for a Trump presidency and thoughts on the recent demonetisation of 500 and 1000 rupee notes in India. The money management gospel of Yale’s endowment guru: A look at the management style of David Swensen and the influence of […]

Perinvest: October Update

Perinvest is an independent manager focused on alternative strategies. The firm was founded by Jean Perrette (he was an early investor in Soros Fund Management) in 2001 and offers a family of single manager funds, multi manager products and bespoke portfolio management. The firm currently has an Asia Dividend Equity Fund, which invests primarily in high yield Asian […]