Our GEM focus team consists of a diverse set of highly experienced managers with clearly defined responsibilities. They work within a unique culture that maximises challenge and debate. These factors are vital to executing our strategy and delivering repeatable performance to investors. Rather than following the herd and being influenced by behavioural biases, our longer-term mindset allows us to focus on sustainable earnings and potentially capture sizeable, mispriced opportunities.

Our investment philosophy

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We believe that:

Value style can generate superior long term returns when applied to GEM strategies.

Behavioural biases influence both investor expectations and risk appetites.

Prices frequently move more than is justified due to shifts in investors’ risk perceptions. True underlying value is not always reflected in stock prices. By detaching ourselves emotionally and with rigorous analysis and discipline over a longer time frame, we can exploit these opportunities.

Our investment process

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Our bottom-up, valuation-driven investment process has been designed to target mispriced equities in a disciplined and repeatable manner. It consists of four stages:

Idea generation: We use proprietary screens to identify valuation outliers and to systematically exploit behavioural mispricing. In identifying these outliers, we can focus our research resources on only the best ideas.

Fundamental analysis: We conduct extensive fundamental research to understand key drivers of sustainable earnings and valuations, as well as what is being priced by the market. Stocks with the highest shared team conviction and best upside potential make it to our conviction list.

Portfolio construction: We construct the portfolio with our highest conviction ideas while taking into account stock correlations and unintended risks. Stocks from this conviction list become the core positions in our GEM strategies.

Risk control and review: Ongoing review of the portfolio helps instil process integrity and sell discipline. Our robust risk framework is conducted by the GEM focus team, senior management and our independent risk oversight team.

For more information on how to invest in these strategies, contact us here.

Our team

Our team of experts is focused on delivering superior long-term outcomes to investors.

  • Steven Gray, CFA, MBA

    Steven Gray, CFA, MBA

    Portfolio Manager
  • Sang Hoon Lee, CFA, MBA

    Sang Hoon Lee, CFA, MBA

    Portfolio Manager
  • Xiaochong Yao, CFA

    Xiaochong Yao, CFA

    Portfolio Manager
  • Mandeep Sachdeva, CFA, MBA

    Mandeep Sachdeva, CFA, MBA

    Portfolio Manager
  • Samuel Bentley, CFA

    Samuel Bentley, CFA

    Client Portfolio Manager
  • Navin Hingorani, CFA

    Navin Hingorani, CFA

    Portfolio Manager
  • Luiz Pinho

    Luiz Pinho

    Portfolio Manager
  • Manyun Tan

    Manyun Tan

    Portfolio Manager

Insights

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Why an Emerging Markets ex China strategy still holds value

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Why an Emerging Markets ex China strategy still holds value

12 Jun | Navin Hingorani

A value-driven EM ex China strategy tends to outperform in the long term.

India elections: Key reforms likely to continue amid coalition dynamics

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India elections: Key reforms likely to continue amid ...

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Japan’s small and mid-caps: An overlooked opportunity

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Japan’s small and mid-caps: An overlooked opportunity

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China: Awaiting the catalysts

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China: Awaiting the catalysts

10 Apr | Jingjing Weng

The worst of the Chinese economy appears to be behind us, but the road ahead remains bumpy.

Asia ex-Japan equities: Prospects for higher returns as corporates “value-up”

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Asia ex-Japan equities: Prospects for higher returns as ...

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No big surprise from Bank of Japan

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Normalisation bodes well for Japan equities

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Normalisation bodes well for Japan equities

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Why India’s consumer boom may be the next big thing for investors

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Why India’s consumer boom may be the next big thing for ...

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Opportunities for investors in the world’s third largest consumer market.

Asian equities offer better value

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Asian equities offer better value

06 Dec

Asia has plenty of unique opportunities for investors.