Vinay Agarwal of Scottish Oriental gave an update to shareholders at the trust’s AGM in December. The presentation can be viewed online here. For more about the trust, please see my original write up here. His update covers the evolution of both the trust as well as Asian markets over the last 20 years. It also includes commentary on […]
Author: offpisteblog
Andreessen: Studying Opposites
I highly recommend this Tim Ferriss podcast from last year, in which he interviews Marc Andreessen. It is full of fascinating insights into the world of venture capital and includes a lot of rich material you won’t find in Andreessen’s general interviews with the media. For those unfamiliar with Andreessen, he is the co-founder and general partner of the venture […]
New Year Updates
Happy new year to everyone! Apologies for the lengthy silence, I was travelling for most of December and took a short break from writing to catch up on other things. Below are some long overdue general updates as well as responses to a few questions (paraphrased) that I have received. Travel recommendation: Kanha Tiger Reserve in Madhya Pradesh. According to WWF […]
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 […]