Investment Philosophy
- Alpha can be generated through an active investment management approach that seeks to exploit an immature Asian market environment subject to a number of inefficiencies
- Shareholder value Creation/Destruction propositions can be identified by employing sound fundamental research skills, combined with a multi-sourced information flow which includes available broker research, in depth market knowledge, and extensive corporate access
- Cash-flow analysis, through a bottom-up research approach, as part of the valuation discipline coupled with strong corporate management, will be the key to unveiling investment opportunities that will be able to produce sustainable growth at reasonable prices, or vice-versa in case of value destroying propositions
- Bottom-up analysis, which includes macro effects, can be used to identify growth and value creating or destroying opportunities that can be exploited through direct equity and/or equity derivative exposure
- Absolute returns can be enhanced further by improving the market depth and breadth through the use of an equity long/short approach which seeks to expand the investment opportunities across the equity and equity derivative asset classes of the company
- Team strengths of the investment team which comprise of complementary equity, derivative and arbitrage skills (over 22 years of combined absolute return/hedge fund experience, and over 75 years of combined research experience), coupled with a strong, independent risk management and control process, will provide the environment required for enhanced risk adjusted returns
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