Monthly Archives: August 2020

News: Privium expands in Asia with a new Singapore office

Fund platform Privium Fund Management opened its first Asian office in Hong Kong in 2016. Now the European headquartered firm has announced that it will open a Singapore office on 1st September. The new office will be managed by How Teng Chiou. How was most recently a Portfolio Manager at 1Absolute Investment Management and has previously worked at Fighton Capital, LGM Investments and UOB.

The Hedge Funds Club Good Life Interviews – Part 42: Sergei Diakov

Sergei Diakov

Sergei Diakov

Hedge Funds Club boss Stefan Nilsson checks in with Sergei Diakov in Tokyo to talk about riding motorbikes along the Shonan Coast, visiting Kyoto, Japanese city pop, South Indian food in Tokyo, cups of tea, the FT’s Life & Arts section and much more. Sergei now heads up the Japan office for Tikehau Investment Management. Earlier he spent the bulk of his career at Citigroup but also had stints at Rogers Investment Advisors and Seiryu Asset Management.

 

From where and how do you get your daily general news updates?

Online. FT, Nikkei, several finance-focused blogs. There are also some Japanese weekly podcasts, such as Nikkei Trendy, that I started listening to years ago for language practice and still find interesting today.

 

What do you do to unwind on a weekend?

Take my motorcycle up to the mountains around Chichibu or down the Shonan coast. Longer trips work like meditation and Japan is one of the best countries in the world for riding.

 

Can you name a great book you have recently read?

“Deep Kyoto” by Alex Kerr, delightfully detailed and timed to a recent trip to Kyoto. The city is tourist-free these days and being there feels surreal – like stepping into a time machine.

 

Your soundtrack of choice?

My musical tastes are all over the place and I like discovering new stuff. Japanese city pop of the 80s – Mariya Takeuchi and Tatsuro Yamashita – is one of the most recent discoveries.

 

What drink do you start the day with and what drink finishes it?

A glass of water upon waking, more often than not followed by an espresso before lunch. The last drink is far less predictable.

 

What’s the worst money mistake you’ve made?

There have been too many. The ones I tend to remember are all regrets of inaction, like watching the yen go higher in 2011.

 

Have you ever had a great mentor and what did you learn?

I have been lucky to work alongside many amazing professionals in Europe and in Japan – bosses, colleagues and clients. I like to think that some of their wisdom has rubbed off. One particular person who will always stand out is Chris Devries, the former head of Citibank in the Netherlands, whom I was lucky to encounter at the very start of my professional life. He passed away way too early and is fondly remembered by many people to whom he was a mentor and a friend.

 

What gives you energy?

I love being around people but occasionally need to recharge all by myself with a cup of tea and a good book or the FT’s Life & Arts section. After a few hours of that, I am usually good to go out again.

 

How do you stay grounded and focused as a person in these turbulent and fast-changing times?

Through interacting with people that I admire and respect and semi-regular exercise.

 

Can you name a terrific restaurant that you love?

Nandini for making some of the best South Indian food in Tokyo. It’s hardly a secret place, considering how many friends and acquaintances I keep spotting there. Whenever in London, I go out of my way to drop by at Tayyabs.

 

What’s your favourite museum in the world?

The British Museum – one or two sections at a time. In Japan, it’s small museums that often have niche exhibitions – Tokyo Photographic Art Museum, Artizon (formerly Bridgestone Museum), Tokyo Station Gallery.

 

Are you active on social media and what do you actually use it for?

Not any longer. I have an empty account on Twitter to follow some people whose work I’m interested in, as well as some public organisations, such as GPIF, for their news and official announcements.

 

Do you have any secret guilty pleasure that you are prepared to reveal here?

For all my trying to stick to a good diet, the appeal of delicious carbs from a local bakery occasionally wins.

 

What kind of battle dress do you normally put on for work?

It gives me great pleasure to put on a suit for a face-to-face client meeting, an event that used to be taken for granted but feels so special these days.

 

Do you celebrate your wins? If so, how?

I’m not big on celebrating specific dates or events but spontaneously deciding to share a bottle of wine with a friend can be fun on any day of the week.

 

What makes you happy?

I am happy if I can get my cup of tea and the FT’s Life & Arts section.

The Hedge Funds Club Good Life Interviews – Part 41: Harry Horwitz-Rourke

Harry Horwitz-Rourke

Harry Horwitz-Rourke

Having recently relocated from Sydney to Tokyo, Harry Horwitz-Rourke talks to Hedge Funds Club boss Stefan Nilsson about The Teskey Brothers, Tokyo’s amazing food, searching for giant Buddhas, Meiji chocolate, golf, dust-gathering suits and much more. Harry is the founder of the Bulletin Group and Couloir Capital as well as Co-CEO of Carrara Investment Management. He kicked off his career in Australia with Investec and has also had stints at ANZ, Folkestone and Charter Hall.

 

From where and how do you get your daily general news updates?

I start the day with a podcast – normally Macro Voices or The Economist – whilst I am out for a run. As we are working from home over in Tokyo, I tune in for the NHK news update at 7 am, and then normally jump between various Australian newspapers and broker reports.

 

What do you do to unwind on a weekend?

Being quite new to Tokyo, my wife and I are taking any opportunity possible to get out of the office (a.k.a. home) in order to see the sites of Japan. In the current environment where we are stuck to the computer screen, these little getaways make all the difference. This normally means getting out of the city for some trail running or cycling, searching for giant Buddhas or temples and as often as possible getting out for a round of golf.

 

Can you name a great book you have recently read?

Robert Iger’s “The Ride of a Lifetime”. A great insight into an amazing company, whilst also showing the personal growth and self-awareness he developed throughout his career.

 

Your soundtrack of choice?

The Teskey Brothers would have to be up toward the top of my most frequently played at the moment.

 

What drink do you start the day with and what drink finishes it?

The workday starts with a strong coffee and, of late, finishes with an Asahi.

 

What’s the worst money mistake you’ve made?

Hard one – not listening to my gut and proceeding with an investment anyway. Time will tell who was right!

 

Have you ever had a great mentor and what did you learn?

I have been very lucky over the years to have been influenced and guided by some amazing mentors, who have become some of my closest friends. The best mentors for me, have been those that are able to assist in breaking complex situations down – or situations that might seem complex at the time – and help me focus on the process required to overcome the situation. They also never stop reminding me of what is most important in both life and my career.

 

What gives you energy?

Exercise is the key to my energy and my mindset for the day. I also started meditating around five years ago. Whilst I don’t do it enough, it has been an amazing way to clear my mind and charge the battery.

 

How do you stay grounded and focused as a person in these turbulent and fast-changing times?

My wife most definitely keeps me grounded and also keeps me moving forward.

 

Can you name a terrific restaurant that you love?

We have been absolutely amazed by the food since we arrived in Tokyo. We have found a favourite soba noodle restaurant in Nakameguro called Soba Sake Dokoro Kuan (https://sobasakedokorokuan.owst.jp). Some of the best noodles we have had in our six months of living in Japan – there have been a lot – and when you are new to a foreign country the little things like a big smile welcoming you in goes a long, long way!

 

What’s your favourite museum in the world?

The Natural History Museum in London.

 

Are you active on social media and what do you actually use it for?

I use LinkedIn to keep up with company news and seeing who is doing what. I use Instagram quite passively, mainly to provide me with updates from friends and family and also give me my daily dose of golf updates.

 

Do you have any secret guilty pleasure that you are prepared to reveal here?

I have recently come to love Meiji chocolate and over the past few months have found myself quite easily making my way through a block after dinner.

 

What kind of battle dress do you normally put on for work?

My “battle dress” has always been a full suit and tie. However, in the current environment, the suits are really just gathering dust. I have come to enjoy being a little more relaxed day-to-day. However, the importance of keeping some element of formality (dress shirt) on workdays when we aren’t able to head into the office helps me keep switched on and get into the mindset of being at work.

 

Do you celebrate your wins? If so, how?

Without a doubt and always with those that have been a part of creating that success.

 

What makes you happy?

Seeing ideas turn into businesses and being a part of the group of people that makes that possible. Spending time with my wife, the family and being out on the golf course all contribute to keeping a smile on the face.

The Hedge Funds Club Good Life Interviews – Part 40: Michael Armitage

Michael Armitage

Michael Armitage

HFC boss Stefan Nilsson checks in with Michael Armitage in Melbourne to talk about The Clash, beach runs, dog walks, unjaded young people, Aussie red wine and much more. Michael is a well-known industry leader who founded FundLab in Australia and has worked with firms such as Apollo Capital, Cor Capital, Mercer, Milliman, S&P Capital IQ, AlphaPoint Capital, Sunrise Capital, SMBC and more.

 

From where and how do you get your daily general news updates?

RealClearMarkets and RealClearPolitics for my first update. Zerohedge for some entertainment, AFR for local markets and barchart.com. I try to stay in the middle politically – hard to avoid all the narratives.

 

What do you do to unwind on a weekend?

Young children, new dog, beach runs and mountain bike in winter – surf club and swim in summer.

 

Can you name a great book you have recently read?

Official CIA manual on trickery and deception.

 

Your soundtrack of choice?

Varies. From Daft Punk to The Clash. Currently yachting music channel on Spotify, 1970s California.

 

What drink do you start the day with and what drink finishes it?

Green Vita/Spirulina algae with water. Finish the day with Aussie red, currently Barossa Shiraz.

 

What’s the worst money mistake you’ve made?

2007 Investment in a gay nightclub in San Diego, California, they’re not heavy drinkers, and GFC.

 

Have you ever had a great mentor and what did you learn?

Jack Forrest – the father of US CTA – trend followers. Learned plenty on risk sizing, but more importantly, taught me – build something good and the money will come.

 

What gives you energy?

Young, smart people – not jaded yet.

 

How do you stay grounded and focused as a person in these turbulent and fast-changing times?

Early morning walks with the dog – a form of meditation – and create a to-do list of four things each day – the rule is I must complete three by noon.

Can you name a terrific restaurant that you love?

Angelos in Little Italy, New York. Plenty of great memories being entertained by NY brokers.

 

What’s your favourite museum in the world?

New York’s Museum of Natural History. Childhood memories and it’s better with your kids.

 

Are you active on social media and what do you actually use it for?

LinkedIn – publish articles, network. I dropped others as it’s too political.

 

Do you have any secret guilty pleasure that you are prepared to reveal here?

Crypto.

 

What kind of battle dress do you normally put on for work?

Currently in lockdown, jeans and tee with a jacket at the ready for Zoom.

 

Do you celebrate your wins? If so, how?

Buy a piece of art.

 

What makes you happy?

My three-year-old’s laugh and my eight-year-old’s piano practice echoing through the house.

News: Sadayuki Horie joins NPFA

Sadayuki Horie

Sadayuki Horie

 

 

Sadayuki Horie, perhaps best known for his long career at Nomura Research Institute, has been appointed as a Member of the Investment Advisory Committee at the National Pension Fund Association in Japan. He is still serving as a Governor of the Government Pension Investment Fund and is also lecturing at Toyo University and Osaka University of Economics Graduate School. He is a former executive committee member of AIMA Japan.

News: Adrian Foo appointed CEO of Sarvatra Investments

Adrian Foo

Adrian Foo

Adrian Foo has become CEO and Head of Investor Relations at Sarvatra Investments. Sarvatra is a Singapore-based, employee-owned, alternative asset manager. The firm oversees a thematic investment strategy to capture opportunities related to Asia by offering a discretionary, directional, and Asia-focused macro strategy. Sarvatra employs a quantamentals-driven, top-down investment process and utilises its extensive experience trading Asia and deep network across the region to build robust fundamental econometric models. Adrian was most recently Managing Director at Graticule Asset Management Asia. Earlier he was at Fortress Investment Group and Rhicon Currency Management.

News: Victor Smorgon recruits Harry Wilson

Harry Wilson in Sydney, Australia has joined Victor Smorgon Group as an Analyst. He joins from boutique Australian portfolio manager and broker Bellmont Securities.

News: Aleksey Mironenko joins The Capital Company

Aleksey Mironenko has joined The Capital Company in Hong Kong as Managing Director and Global Head of Investment Solutions. The Capital Company is an independent asset management firm offering global and Asia-specific investment strategies to international investors. Most recently, Aleksey was a Partner at Premia Partners and earlier he spent many years at BlackRock.

News: Daniel Jim teams up with OPIM and Pharus

Daniel Jim

Daniel Jim

Seasoned hedge fund investor Daniel Jim in Hong Kong has teamed up with OP Investment Management for a new venture, the Tripod BoLe Platform. The aim of the new platform, of which Daniel is the Founder and Chief Investment Advisor, is to empower and showcase up and coming investment talents from Asia to the family office and dedicated Asian investing communities in the EU, in partnership with the Pharus Group in Europe and OPIM in Hong Kong. Daniel kicked off his finance career at Nomura before launching Tripod Management in 1999. Tripod was one of Greater China’s earliest home-grown independent asset managers and most seasoned allocators with a special focus on hedge fund strategies and alternative investments. It was acquired by Assured Asset Management in 2017. Daniel remained with Assured until earlier this year.

The Hedge Funds Club Good Life Interviews – Part 39: Bryan Goh of Tsao Family Office

Bryan Goh

Bryan Goh

Bryan Goh, CEO and CIO of Tsao Family Office in Singapore, has had a long career in alternative investments and finance, including stints at Oaks Family Office, First Avenue Partners, DBS Bank, Bordier and Arab Bank. He also once founded and ran a fine watches retail business. HFC boss Stefan Nilsson checked in with Bryan for a chat about leverage, lively debates, the British Museum, water replacing vodka, Jan Hammer and much more.

 

From where and how do you get your daily general news updates?

The usual sources: the FT, the Economist, the Independent and the Guardian.

 

What do you do to unwind on a weekend?

I run and cycle. More.

 

Can you name a great book you have recently read?

“The Silk Roads” by Peter Frankopan.

 

Your soundtrack of choice?

Something instrumental like Jan Hammer, Vangelis or Mahavishnu Orchestra.

 

What drink do you start the day with and what drink finishes it?

Long gone are the days when vodka bookended the day. Now it’s water and the very occasional gin martini.

 

What’s the worst money mistake you’ve made?

Not applying leverage, since governments have become not very discerning pawnshops.

 

Have you ever had a great mentor and what did you learn?

My first boss. After all the analysis he always said, give it a shot and do more if it works and stop if it doesn’t, but just do it.

 

What gives you energy?

A lively debate.

 

How do you stay grounded and focused as a person in these turbulent and fast-changing times?

Understand the causes of things. Explore and don’t be too concerned about the dead ends and blind alleys.

 

Can you name a terrific restaurant that you love?

Kababgy el Azhar Farahat for truly great stuffed pigeon.

 

What’s your favourite museum in the world?

The British Museum. So much of Asia and the MENA are in it.

 

Are you active on social media and what do you actually use it for?

I stopped using Facebook years ago when I did a count of the hours spent there.

 

Do you have any secret guilty pleasure that you are prepared to reveal here?

On the advice of counsel, I decline to answer.

 

What kind of battle dress do you normally put on for work?

A suit, truly the uniform of servitude. These days with online meetings, a black jumper to go with the sweats.

 

Do you celebrate your wins? If so, how?

With a suitable delay.

 

What makes you happy?

Figuring out how things work.