A bumper edition of readings and videos this week. Enjoy! “Without the prison, the beatings, what would I be?”: The Guardian interviews Ai Weiwei, the Chinese contemporary artist and activist. The college lecture is dying: First of a four-part series exploring the tech-driven future of higher education in America. The case for stock buybacks: Professor […]
Month: September 2017
Marathon Increases Li Ning Stake
Marathon Asset Management LLP (Marathon) recently added to its stake in HK-listed Li Ning Company Limited (Li Ning). According to a filing submitted to the Hong Kong Stock Exchange on September 21st, 2017, the firm bought 2,579,000 shares on the exchange on September 20th at an average price of HKD 6.9469 per share (total consideration was ~US$2.3m). […]
RVAM: Corporate Governance Challenges In Asia
River Valley Asset Management (RVAM) have published their September 2017 newsletter, which is available here. RVAM is a Singapore-based boutique asset management firm (their flagship fund is the River Valley Core Compounding Fund, launched in 2014). The firm was founded by Homiyar Vasania, who was previously part of Morgan Stanley’s emerging markets investment team. In […]
CC Asia Focus: August Update
Coupland Cardiff’s Asia Focus Fund recently published their letter for August, which you can access via their website. The fund is managed by Charlie Erith and focused on small and mid cap listed equities in the Asia ex Japan market. The latest update includes commentary on Venture Corporation, TK Group and China MeiDong and some […]
Arisaig’s August Diary
Arisaig Partners recently published their investor update for August, which is available for download from their website. Their Asia Consumer Fund is now up 34.8% year to date. The latest letter includes commentary on their holdings in Bangladesh, China and South Korea. Some highlights below (paraphrased): Dali Foods: Strategy is to move its traditional, mass-market portfolio […]
Edgbaston Adds To Wasion
Edgbaston Investment Partners (Edgbaston) recently added to their stake in HK-listed Wasion Group Holdings (Wasion). According to a filing submitted to the Hong Kong Stock Exchange on September 19th, 2017, the firm bought 522,000 shares on the exchange at an average price of HKD 3.5521 per share on September 18th (total consideration was ~US$238k). Following the purchase, Edgbaston’s stake in […]
GMO Trims China Machinery Engineering
Grantham, Mayo, Van Otterloo & Co. LLC (GMO) recently reduced its stake in HK-listed China Machinery Engineering Corporation (CMEC). According to a filing submitted to the Hong Kong Stock Exchange on September 16th, 2017, the firm sold 329,000 shares on the exchange on September 14th at an average price of HKD 4.7258 per share (the […]
Readings For The Week (17/9)
This week’s readings / videos include a talk by Michael Vatikiotis on power and conflict in modern Southeast Asia, a roundtable discussion on the future of bitcoin, the latest shareholder update from Symphony International Holdings, summary notes from the 2017 Delivering Alpha conference and an interview with Liu Qiangdong, the founder of JD.com. Power and […]
Ray Dalio’s TED Talk
Ray Dalio, the founder and chairman of Bridgewater Associates, recently gave a TED talk on how to build a company where the best ideas win. In his presentation, he makes the case for using radical transparency and algorithmic decision-making to create an environment where employees can speak up and say what they really think. Dalio also […]
Dempsey Hill Trims Stake In Convenience Retail
Dempsey Hill Asia Fund (Dempsey Hill) recently reduced its stake in HK-listed Convenience Retail Asia Ltd. (Convenience Retail). According to a filing submitted to the Hong Kong Stock Exchange on September 8th, 2017, the fund sold 2,492,000 shares on the exchange at an average price of HKD 3.70 per share on September 6th (total consideration […]