The Chinese equity markets remain less efficient than developed markets, and thus offers plenty of alpha opportunity sets.

Deep bottom-up fundamental research, local market knowledge and experience enables the early identification of companies with the right management at the right price.

Valuation is a key determinant; sector weighting and exposure to different market capitalization are by-products of our bottom-up fundamental research process.

Thinking long-term and acting independently, enables the capture of opportunities presented by market volatility.

We operate in a broad and deep investment universe:  There are around 5,000 China listcos onshore and offshore.

• Idea Generation
• Macro & Sector Themes, Trends and Contrarian Ideas
• Formulation of Investment Thesis
• Investment Thesis and Preliminary Research
• Proprietary Research - Private Equity Style Due Diligence
• Company Visits, Cross Checks with Competitors, Suppliers, Customers, Regulators, and Industry Experts
• Thorough Valuation Work
• Multiple Valuation Tools employed like DCF, DDM, P/E, P/B, PEG, etc.
• Portfolio Construction
• A Concentrated Portfolio Typically Invested in 25 to 35 Companies
• Portfolio Monitoring and Risk Management
• Close Tracking and Regular Updates from Portfolio Companies and Industry Sources