Barron’s recently interviewed “old Asia hand” Robert Lloyd George, who runs Lloyd George Advisory, an emerging markets fund manager. The firm currently manages funds with teams in Hong Kong and Mumbai. Robert Lloyd George was previously the chairman and founder of Lloyd George Management, which managed up to US$17.7bn prior to its sale to BMO in 2011. […]
RVAM Comments On Link Net
River Valley Asset Management (RVAM) recently published their July 2017 newsletter, which is available for download from their website. 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 […]
Readings For The Week (30/7)
This week’s readings include a conversation with Seth Fischer of Oasis Capital Management, short interviews with three of Asia’s leading hoteliers, a look at the decades-long quest to bring down Bloomberg, thoughts on the recent ousting of Nawaz Sharif and an opinion piece on how Hong Kong and China are forging a new innovation economy. […]
Barron’s Interview With James Montier (GMO)
Interesting interview with James Montier in this week’s issue of Barron’s. Montier is a member of the GMO’s Asset Allocation team. Prior to GMO, he was co-head of Global Strategy at Société Générale. Some excerpts / highlights below: On being a value investor in the current environment: “The U.S. has been an incredibly strong market […]
Howard Marks: There They Go Again…Again
Howard Marks, the chairman of Oaktree Capital Management, has published his latest memo to clients of the firm. In the note, Marks writes that “this is a time for caution” and recommends clients move into lower-risk investments due to “lofty” market valuations. He also shared his view on digital currencies, saying they are “nothing but […]
GMO Adds To China Machinery Engineering
Grantham, Mayo, Van Otterloo & Co. LLC (GMO) recently added to its stake in HK-listed China Machinery Engineering Corporation (CMEC). According to a filing submitted to the Hong Kong Stock Exchange on July 18th, 2017, the firm bought 2,780,000 shares on the exchange on July 14th at an average price of HKD 5.574 per share […]
British Empire Trust’s June Newsletter
British Empire Trust (British Empire) recently published their June 2017 letter, which is available for download from their website. The company is a closed-end investment trust with shares listed on the London Stock Exchange. It is managed by Asset Value Investors Limited. As per their website, the trust’s investment objective is to achieve the creation […]
Readings For The Week (23/7)
A longer than usual reading list this week. Enjoy! Why did all the 7-Elevens in Jakarta suddenly disappear?: Competition, regulations and a sluggish economy created a perfect storm that the convenience-store chain could not withstand. Interview with Nicholas Cator: Verlinvest Asia’s executive director on why India remains a key geography for his firm. In urban China, […]
Waverton Southeast Asian Fund: June Update
Waverton Southeast Asian Fund recently published their June 2017 letter, which is available for download from their website. The fund’s investment objective is to generate capital growth by investing in a concentrated portfolio of no more than 30 listed Southeast Asian equities. They look, in particular, for growth companies at a reasonable price. The fund was […]
Lazard Trims Stake In First Pacific
Lazard Asset Management LLC (Lazard) recently reduced their stake in HK-listed First Pacific Company Limited (First Pacific). According to a filing submitted to the Hong Kong Stock Exchange on July 19th, 2017, the firm sold 496,000 shares on the exchange at an average price of HKD 5.78 per share on July 13th (total consideration was […]