Long Term Approach
Our Main edge in this increasingly impatient industry
China Focus Under Global Framework
Good Opportunities arise at different time in different markets
Bottom-up Research
Deep fundamental understanding of every stock we own
Short Positions
Two Purposes:
Single stock short alpha
Hedge against market risk
Two Types:
Aggressive accounting inflated reported profit
Company in structural decline
Long Positions
1. Attractive stocks -
Either at a bargain price (value), or is not realising its full potential (growth)
2. Great businesses with competitive advantages
3. Universe of non-cyclical large caps