Since forming in June ’08, the JV between Hong Kong-based research house, GaveKal Asia, and London heavyweight,
Since forming in June ’08, the JV between Hong Kong-based research house, GaveKal Asia, and London heavyweight, Marshall Wace, has shone brightly. Amidst the volatility of global markets, the four funds managed under the JV have consistently delivered, benefiting not only investors through world-class risk control systems, but also both firms respectively. Apart from the huge amount his gavekal team has learnt under the partnership, CEO Louis-Vincent Gave says via email: “GaveKal has helped boost Marshall Wace in areas, namely the identification of macro risk.” “The fact that our funds’ nav continue to mark new highs is, I believe, a testimony to the strength of the joint venture.” Favourable market trends are, in Gave’s opinion, due to higher asian currencies and massive dispersion, noting that market divergence is now greater than the US or Europe. “I think it is obvious that SE Asia is going through a ‘triple merit scenario’ of higher currencies, lower bond yields and higher asset prices,” says Gave, who is now focusing his attentions on Korea.