This week’s readings include a recent interview with Olivier Jolivet (the CEO of Aman Resorts), reflections on the global shift in the balance of power from George Magnus as well as insights into true originality from Wharton professor Adam Grant. You need to instil some confidence: Olivier Jolivet’s reflections and lessons from a career managing across Asia. Whose world is it […]
Where Are They Now?
It has now been over 20 years since “Asia’s Investment Prophets” was first published. In the book, investment analyst and author Claire Barnes profiled seventeen stand-out investors focused on the Asia Pacific region. Given her own track record running the Apollo Asia Fund (which has returned some 22% per annum since inception in 1997), she would […]
Readings For The Week (4/9)
This week’s readings include a second quarter update from Andrew Limond (manager of the Panah Fund), an interview with Louis Gave of GaveKal Research and a Bloomberg piece on the trends shaping the consumer landscape in China. Letter to investors Q2 2016: Update from Andrew Limond, who runs the Panah Fund. The letter includes a section outlining their macroeconomic outlook for Vietnam. Louis […]
Readings For The Week (28/8)
This week’s readings include reflections from the team at Platinum Asset Management on their long term investment in Samsung Electronics, an interview with Joe Studwell about the importance of agriculture in economic development and an Economist piece on the change of mood in Hong Kong over the past few years. Samsung Electronics – twenty years: The investment team at Platinum […]
Singapore Shipping Corporation
Singapore Shipping Corporation (SSC) is an SGX-listed company that operates in two segments: shipping activities (70% of revenue) and agency services (30% of revenue). In its shipping segment, the company purchases pure car & truck carriers and leases them out to blue chip charterers on long term contracts. SSC’s agency segment provides a range of services including terminal operations, logistics, warehousing as […]
Readings For The Week (21/8)
This week’s readings include a look at how Tencent’s WeChat is shaping the future of the mobile internet, Philip Bowring’s thoughts on ethnic diversity and integration in Hong Kong as well as Stephen Roach on the globalisation disconnect. WeChat’s world: How WeChat shows the way to social media’s future. Singapore’s first Olympic gold provides a lesson…: Philip Bowring on how […]
Arisaig: Investing Up The S-Curve
Arisaig Partners is an independent investment management firm founded in 1996. They focus on dominant consumer sector businesses in emerging markets. Their flagship, long-only Arisaig Asia Consumer Fund has ~US$3bn in assets under management and has compounded capital at a low-teens rate of return since inception. They also run an Africa Consumer Fund, a Latin America Consumer Fund and a […]
Readings For The Week (14/8)
This week’s readings include a shareholder update from Symphony Asia, a recent blog post by Professor Michael Pettis, an entertaining interview with James Hay from the Pangolin Fund and a few other interesting articles. 1H16 shareholder update: Market commentary and portfolio review by Symphony Asia, one of the region’s most experienced private equity investment firms. Rebalancing, wealth transfers…: Michael Pettis writes about the […]
Scottish Oriental: Watch the Discount
Scottish Oriental Smaller Companies Trust is a listed investment trust that invests in small-cap companies across the Asia-Pacific region. The fund has an impressive track record since its inception in 1995, significantly outperforming its benchmark index over the period. More recently, in the last 10 years, the trust’s share price has increased by ~252% versus an ~154% increase for the […]
Readings For The Week (8/8)
In addition to my own write-ups, I am launching a weekly series of curated readings. These articles will most often be related to Asian business or investing topics, but on occasion might have a broader focus. Happy reading! Hoping for alpha: Second quarter report and update from investor Claire Barnes, manager of the Apollo Asia Fund. Why Hong Kong was at its best […]