The latest edition of the Graham & Doddsville newsletter is out. The publication is put together by the students of Columbia Business School. You can download and read a copy here. The Spring 2017 issue includes interviews with A. Rama Krishna (ARGA Investment Management), Cliff Sosin (CAS Investment Partners) and Chris Begg (East Coast Asset Management). It […]

Interesting profile of Ruchir Sharma in the FT this past week. He is the is Head of Emerging Markets as well as Chief Global Strategist at Morgan Stanley Investment Management. Sharma grew up in India and got his start writing a weekly column for The Observer and, later, the Economic Times of India. In 1996, he was recruited by Morgan […]

Longer than usual reading list this week. Enjoy! Flying high: VinaCapital on how aviation has become one of Vietnam’s fastest growing sectors. The bankruptcy of modern finance theory: Dan Rasmussen says that active investment management does not work for investors because it was not designed to benefit them. LeapFrog targets private equity gains in Africa and Asia: An interview […]

Paul Smith, the president and CEO of CFA Institute, recently spoke at the 70th CFA Institute Annual Conference in Philadelphia. He pushed industry professionals to revisit the question “What is finance for?” and discussed some of the challenges facing the investment management profession today. He also outlined the four steps the profession must take to address these challenges, including: Revising current […]

Interesting article in Bloomberg yesterday on how hedge funds in Hong Kong are being squeezed out of Central as a result of higher rents coupled with industry-wide fee pressures. Apparently, more funds are now moving their offices out to suburban areas such as Wong Chuk Hang, Cyberport and Tin Hau because of affordability and unit economics […]

This week’s readings include a look at the rapidly growing mobile payments space in China, the Pangolin Fund’s latest investor letter, David Webb on the “Enigma Network” (the 50 HK-listed companies not to own) and an interview with legendary journalist James Pringle on the history and future of Southeast Asia. Cashing in, while cash is on […]

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 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 […]

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 […]

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 […]