Interview With Betterment CEO Jon Stein

Jon Stein was recently interviewed on the Knowledge@Wharton show (you can find the link to the podcast and transcript here). Stein is the founder and CEO of Betterment, a robo-advisory platform that provides fully automated trading and investment solutions. The company uses algorithms to recommend investments based on individual customer preferences, levels of risk tolerance and financial goals. […]

Richard Elman: “Long, Hard Slog” Ahead

Richard Elman famously named his company after Noble House, James Clavell’s novel about a British trading house in colonial-era Hong Kong (Clavell himself was inspired by the story of Jardine Matheson). Elman likely imagined himself as Ian Dunross, the book’s main character, but it is his current successor who is probably going to feel most like Dunross did at the start of the […]

Readings For The Week (14/5)

This week’s readings include Matthew Klein on the case for Japanese equities, Andrew Clifford on his takeaways from a recent business trip to China, Tren Griffin on the Internet bubble of 1999-2001, why Canadian asset managers are investing heavily in India and a Q&A session with Eric Schmidt at the Stanford GSB. US stocks too expensive? Consider Japan: FT Alphaville’s […]

Damodaran: Narrative and Numbers

NYU professor Aswath Damodaran recently spoke at Google on the value of stories in business. This theme is at the core of his latest book, Narrative and Numbers. In his talk, he discussed how the world of business and investing seems to be increasingly divided into two camps: number crunchers, who believe only in data and models, and story tellers, who believe in […]

Symphony’s 1Q17 Shareholder Update

Symphony International Holdings Limited (Symphony) is a closed-end fund that trades on the main market of the London Stock Exchange. According to their website, the fund invests in companies in particular high growth sectors – healthcare, hospitality, lifestyle and branded real estate – that stand to benefit from the rising disposable incomes of Asia’s increasing, and […]

Southeastern Trims Melco Stake

Southeastern Asset Management (Southeastern) recently reduced their stake in HK-listed Melco International Development (Melco). According to a filing made to the Hong Kong Stock Exchange on May 11th, 2017, the firm sold 8,605,000 shares on the exchange at an average price of HKD 16.35 per share on May 8th (total consideration was ~US$18m). Following the sale, Southeastern’s stake in Melco decreased from 13.10% […]

Capital Group Adds to TravelSky

The Capital Group Companies (Capital Group) recently increased their stake in HK-listed TravelSky Technology (TravelSky). According to a filing made to the Hong Kong Stock Exchange on April 27th, 2017, the firm bought 21,213,000 shares on the exchange at an average price of HKD 19.03 per share on April 26th (total consideration was ~US$51.8m). Following the purchase, their stake in TravelSky increased from 5.44% to 7.71% […]

Readings For The Week (7/5)

This week’s readings include an FT special report on the work revolution, WSJ coverage of the Berkshire Hathaway annual meeting, quarterly letters from GMO’s Ben Inker and Jeremy Grantham as well as a Bloomberg interview with independent economist Andy Xie. The work revolution: An abundance of tech tools is liberating workers to organise their lives in ways unimaginable […]

PWC: The World In 2050

PWC recently released a report looking at how the global economic order might change by the year 2050. The study includes the firm’s latest long-term global growth projections to 2050 for 32 of the largest economies in the world. You can find the link to their interactive website here and download a copy of the full report here. Marc Faber, editor of […]

Edgbaston Buys More Wasion

Edgbaston Investment Partners (Edgbaston) recently added to their stake in HK-listed Wasion Group Holdings (Wasion). According to a filing made to the Hong Kong Stock Exchange on April 24th, 2017, the firm bought 4,124,000 shares on the exchange at an average price of HKD 3.749 per share on April 21st (total consideration was ~US$1.99m). Following the purchase, their stake in Wasion increased from 5.88% to […]