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The team manages Emerging Market portfolios against MSCI Emerging Markets Indices although customised benchmarks can be accommodated. Clients are a variety of pooled and segregated vehicles available in various jurisdictions. We are also able to offer absolute return and balanced mandates.  

Performance

Investment Opportunity
To provide exposure to the growing economies and markets within emerging Asia through a diversified portfolio of stocks.

Philosophy
To pursue a disciplined approach applying quantitative techniques, fundamental analysis and rigorous risk management, adding value primarily through stock selection combined with country allocation. Return targets and risk parameters precisely targeted.

Objectives
To target 4.5% per annum (gross) outperformance over the benchmark index with low relative volatility resulting in strong competitive performance over rolling 3 year periods

Risk Control
Total tracking error range for pooled funds:
Overall portfolio  - 3% - 7%     
Stocks               - 4% - 14%

Risk parameters are established by first deciding the return objective (4.5%) and then assuming an information ratio of 0.5% to provide a target overall tracking error of 9%. Risk is disaggregated down to the stock level. Weekly performance attribution is conducted.

Key Strengths

• Experienced Team - Highly experienced and fully resourced team.
• Investment Approach - Target country selection 10%-20% of value added, stock selection 80%-90%.
• Track Record - Very strong performance record.
• Stock Selection - Proven stock selection process based on fundamental analysis leading to analysts ranking system.
• Rigorous Risk Control - A risk budget is set for both country asset allocation and stock selection. The latter is alpha adjusted to ensure risk reflects value added.

Fees
Standard fee: 1.0%. Fees are negotiable depending on the size and nature of the mandate.

Minimum Size for segregated fund
US$25m

Emerging Markets Assets under Management
US$ 2.9bn (September 2008) assets either managed directly or on an advisory basis