This week’s readings include Seafarer Overseas Value Fund’s 4Q 2016 portfolio review, Ashmore’s Jan Dehn on why America’s strong dollar policy has outlived its purpose and Yuen Yuen Ang on how China’s development story can be an alternative to the Western model. Portfolio review, fourth quarter 2016: Seafarer’s Paul Espinosa discusses recent changes to the portfolio and shares his outlook […]
Author: offpisteblog
Highlights From OAM’s 2016 Letter
The 2016 annual letter for Overseas Asset Management’s Asian Recovery Fund is out. You can access and download it directly from their website. The fund of funds vehicle was founded in 1998 by Desmond Kinch and its NAV has compounded at 13.5% per annum since inception (vs. 5.2% per annum for the MSCI Asia ex-Japan). OAM has been […]
Readings For The Week (29/1)
This week’s readings include a detailed investor update from Scottish Oriental, an interview with Kyle Bass of Hayman Capital Management and a wide-ranging conversation with Warren Buffett and Bill Gates at Columbia University. Investor note: Scottish Oriental’s semi-annual letter. Update on current thoughts and views, insights about existing holdings and changes to the portfolio. Short China, Long Russia a […]
Coupland Cardiff: December Updates
Coupland Cardiff’s three open-ended Asian funds (Asian Evolution, Asia Alpha and Asia Focus) recently released their investor letters for December 2016. For more background, please see my post here. The full letters are available for download on the firm’s website, but below are some highlights: CC Asian Evolution Portfolio updates: Fund was up 3.2% for the year vs. a 5.4% […]
SumZero’s Top Stocks / Asia Cement
SumZero recently released its top stocks for 2017 report. It contains the ideas of the 5 winners and 10 runners up of the SumZero Top Stocks for 2017 Challenge, an investment research competition held in partnership with the Sohn Conference Foundation and Canalyst. You can download the report directly from their website (link is here). The report includes a number […]
Readings For The Week (23/1)
This week’s readings include the fourth quarter report from Claire Barnes of the Apollo Asia Fund, thoughts on global cyber warfare from Glenn Solomon of GGV Capital and highlights from Michael McGaughy’s recent investment trip to Taiwan. Company management and the unforeseen: Claire Barnes on the fund’s results for 2016. Includes updates on Phua Nuan Jewelry, Vard Holdings, […]
Perinvest: FY 2016 Update
Perinvest’s Asia Dividend Fund recently released its full year update to investors. The letter includes a review of the results for 2016, updates on a number of holdings as well as the manager’s outlook for the coming year. Some highlights are included below, much of it paraphrased. For more on the fund and manager, please see my original post […]
Readings For The Week (15/1)
This week’s readings include Shirley Lin’s recent presentation at the Asia Society, a review by Tony Abbott of Michael Auslin’s new book and the December diary from Arisaig Partners. Taiwan’s China dilemma: Professor Syaru Shirley Lin looks at how the evolution of Taiwanese identity explains its economic policy oscillations toward mainland China. Clash of the titans: Former Australian Prime […]
Updates: Edgbaston, Wykeham…
Below are publicly disclosed portfolio updates by select value-oriented funds for December and January. The information is taken from filings made directly to the Hong Kong Stock Exchange. Edgbaston Partners: Employee-owned, long-only investment firm established in 2008 by Charu Fernando and partners to specialise in Asia Pacific ex-Japan equity investments. Recent publicly disclosed portfolio activity includes: 6 […]
Readings For The Week (8/1)
This week’s readings include Glenn Solomon’s book recommendations and list of predictions for 2017, John Hempton’s thoughts on when to average down and Michael Pettis on the range of plausible economic outcomes available to China. 2017 predictions: Glenn Solomon (GGV) puts forward his predictions for the new year and reviews how his 2016 predictions played out. His top […]