Oscar de la Renta chose not to show at New York Fashion Week and instead streamed on Amazon. Is Amazon a suitable forum for a luxury brand? CEO Alex Bolen said, "I'm not sure. But we have to experiment with new ways to get our story out." https://lnkd.in/g4rZMxyb We launched our funds when Covid started and with the halt in travel and tough fund raising environment for emerging managers, we focused on performance and experimented with new ways to reach out to allocators, namely Linkedin posts and YouTube videos which can now be binge-watched on www.quantflix.com . True, some people say that with the positive fund returns last year for both our long-only equity and multi-strategy funds, and the China fund outperforming its benchmark by its annualized double-digit aim, it was expected that we would pass the $100m mark. But when times are bad, most new investment monies went to well-known funds that are much bigger with a marketing budget that we cannot afford. So every lit
Yesterday my colleague Kenneth Yap shared his LinkedIn post the 3 steps to double-digit returns in 2022 with long-only equities, and explained how the same steps can be recycled in 2023. In true ESG-style, he's been using the same investment philosophy for years.
"That's it? So simple. Anyone can do it then."I saw an art piece on display a couple of days ago that looked like a blank piece of paper. In fact it was titled Blank Paper. I thought, I could do it, why is this even art? Then I realized that this is actually porcelain that looks like paper, a layer of ultra-thin porcelain which the artist can produce because of his 40 years of porcelain mastery which started with his training at Jingdezhen, China's oldest center of ceramic production, when he was only 14: https://lnkd.in/gKUS5bvH
Along the way I'm sure there were failed attempts. The output looks simple but it takes a skilled artist with decades of experience to produce the "simple" work.
Back to Kenneth's simple 3-step formula. The ASV Fund is going towards its third year birthday but Kenneth has been applying the same investment philosophy as the portfolio manager in a previous fund for another 7 years. His 20-year journey in finance started when he trained to be a chartered accountant in London.
My formula to a happy year ahead: Work hard, watch Netflix.
The brain is one of the largest organs in the human body. If you think hard enough at work, you'll not gain weight even with a beer a day.
Please don't try this at home. Takes years of training to master The Chau Way.
#hedgefund #artsg #experience #training #investment
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