Strategic vision:
Build a portfolio of hidden gems
Finding mispriced, superior businesses with trustworthy management teams
We invest across Asia
Our strategy is to own 30-35 high-quality businesses, acquired at a temporary discount thanks to the systematic exploitation of market mispricing common in some parts of Asia, with management teams we can trust.
We focus on inefficient segments of the Asian equity market, where companies are not followed by brokers, as they typically do not require financing from banks, and disclosures are limited or not always available in English.
We meet with management teams across the region all year-round, which gives us a precise insight of their business models. We typically focus on understanding the businesses moats and cash-flow drivers rather than short-term financial reports.