Lazard Trims Stake In First Pacific

Lazard Asset Management LLC (Lazard) recently reduced their stake in HK-listed First Pacific Company Limited (First Pacific). According to a filing submitted to the Hong Kong Stock Exchange on July 19th, 2017, the firm sold 496,000 shares on the exchange at an average price of HKD 5.78 per share on July 13th (total consideration was […]

Marathon Raises Stake In Esprit

Marathon Asset Management LLP (Marathon) recently added to its stake in HK-listed Esprit Holdings (Esprit). According to a filing submitted to the Hong Kong Stock Exchange on July 17th, 2017, the firm bought 3,708,800 shares on the exchange on July 14th at an average price of HKD 4.2731 per share (the total consideration was ~US$2.03m). Following the purchase, Marathon’s stake in […]

Kerr Neilson: A Matrix Of Facts Vs. Feelings

Kerr Neilson, the CEO & managing director of Platinum Asset Management, recently published an excellent piece titled “Facts, Feelings and the Importance of Composition.” The article is available on the company’s website (link here, highly recommended). Neilson writes about the importance of checking whether your “feelings” are backed by facts when investing. He also ask […]