This Wednesday 27th of April RankiaPro Europe hosted its third Conference Call of 2022. It was quite interesting to hear about the strategies and insights of our panelists.
We had Richard Evans, CFA, Partner at Cadence Investment Partners, who presented the CompAM Cadence Strategic Asia Fund and Matthew Vogel, Head Strategist and Portfolio Manager at FIM Partners, who presented the FIM GEM Debt UCITS fund.
The two professionals have presented their funds to fund selectors and fund buyers. During the conference call, they also talked about the inflation caused by the Ukraine and Rusia conflict and how the macroeconomic environment and the market behaviour could be synchronized now.
“Ignoring the facts that these businesses will be generating returns for many years to come and if we can be certain through the governance work on the financials of each business that they will be sustaining those returns, then, we can isolate that is in the sort of five to fifteen year pocket of the outlook. We identify a lot of value in sticking with businesses for the longer term and the risk management is important, because this is a non-index fund, this is a fund that is built index agnostic, we build from the bottom up.”
“Over the next decade, the rest of Asia ex-Japan is expected to grow more quickly than China”
Richard started to work as an Asia equity analyst at Gartmore in 1995 before joining Charlemagne Capital and then Martin Currie in 2004. As co-manager of the Asia ex-Japan strategy alongside Jason Mccay, he helped build that product to around $4bn AUM before they developed and launched the Asia Long Term Unconstrained Fund (ALTU) in 2008. After leaving Martin Currie in 2012/13, they set up Cadence Investment Partners with three other ex-colleagues, based around the ALTU investment model. The Cadence Strategic Asia strategy was launched in April 2015, and now has a successful 7-year track record and an AUM of $320m.
“One of the elements that have been interesting from a food price perspective, is what is happening with wheat. The west and its diet are going to be very aggrav. The inflation situation would be very aggravated. This is an important factor that the average inflation in the asian region is only going to be 3.7% and I can tell you that is weighted with China.”
Matthew began his professional career in 1990 at the World Bank in Washington, DC. Subsequently, Matthew was London-based for 14 years, where he managed Emerging Europe, Middle East and Africa Research at Merrill Lynch, then as Managing Director and Head of top-ranked Emerging Europe, Middle East, and Africa Research Team at Barclays Capital. Matthew also served for 10 years as Chairman of the TCX Pricing Committee. Matthew has a BA with Honors in Latin American Studies and Economics from the University of Texas (1988) and an MA in Economics from the Instituto Torcuato diTella (Argentina, 1989).