Management & Investment Process

Management

The investment team leverages high degrees of experience and knowledge within a disciplined investment process. Learn more about the Team.
  • Tiffany Hsiao, CFA
  • Portfolio Manager
  • 19Years Investment
    Experience

Investment Process

The team’s goal is maximizing the value-creation captured by partnering with companies exhibiting strong revenue growth and inflecting ROICs—which the team’s investment process is tailored to identify.

Idea Generation

The team starts with a broad investment universe of small and mid-cap public and private companies in Greater China. From there, it screens for high sales growth and ROIC and strong balance sheets. The team also performs extensive on-the-ground research and leverages its deep network to gain insight into compelling entrepreneurs and opportunities.

Fundamental Due Diligence

The team applies a multi-faceted, venture mindset to ensure it identifies the entrepreneurs it believes likeliest to disrupt a sizeable existing market or create a new one.

Corporate Engagement

The team’s goal is establishing deep, strategic relationships with portfolio companies early in their life cycles, when influence extends beyond just capital. The team consults with management frequently on business strategy and execution, risk awareness and mitigation, and socially responsible practices.

Portfolio Construction

Once the team has narrowed the universe to a pool of candidates, it takes a layered approach to identifying asymmetric upside/downside return opportunities, measuring end-market exposures and risks, and analyzing portfolio analytics. The end result is a concentrated portfolio of high-conviction positions across public and private markets.

In-depth Investment Process

 

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Current and future portfolio holdings are subject to risk.  International investments involve special risks, including currency fluctuation, lower liquidity, different accounting methods and economic and political systems, and higher transaction costs. These risks typically are greater in emerging markets.  Securities of small- and medium-sized companies tend to have a shorter history of operations, be more volatile and less liquid and may have underperformed securities of large companies during some periods.  Growth securities may underperform other asset types during a given period.  A portfolio focused on greater China will be closely tied to market, currency, economic, political, environmental, or regulatory conditions and developments in the region, and may fluctuate more than the returns of a more geographically diversified portfolio. Investments will rise and fall with market fluctuations and investor capital is at risk.