Just a quick note to highlight to readers two new sections recently added to the website. The links to both sections / pages can be found on the main menu bar. Library: Unlike the more “timely” weekly reading series, I intend for this page to become a repository of “timeless” articles and resources that have been helpful […]
Playmates Toys: Cheap, Cash Rich
Playmates Toys Limited (“Playmates”) is a HK-listed toy manufacturer and marketer. Since its inception in 1966, the company has brought to market a number of toy brands including the Teenage Mutant Ninja Turtles, Waterbabies, Space Jam, Nano and the Amazing Amy dolls. The company is a subsidiary of Playmates Holdings, a larger conglomerate that is also listed on the Hong […]
Readings For The Week (12/2)
Lots of really great content this week, so this is a bumper edition. Highlights include investor updates from the Panah and Pangolin funds, a whirlwind tour through trends in China, an interview with Ed Thorp and a WSJ profile of Yayoi Kusama. Letter to investors Q4 2016: Andrew Limond of the Panah Fund discusses capital allocators (vs. capital […]
FSS Asia Investor Update (Jan ’17)
First State Stewart (FSS) Asia is an independent investment management team within First State Investments. The team manages ~US$21bn across a range of Asia Pacific equity strategies on behalf of both institutional and wholesale clients. One of their fund offerings is the listed Scottish Oriental Smaller Companies Trust, which I have profiled previously. The group recently published a […]
Readings For The Week (5/2)
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 […]
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, […]