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PAM becomes a partner in emerging markets equities manager North of South Capital

18 May 2017

Pacific Asset Management has become a partner in the boutique emerging markets equities manager, North of South Capital, founded by emerging market veteran investor Matt Linsey in 2004. Sir John Beckwith’s global diversified investment group Pacific Investments has considerable experience in emerging markets, having successfully founded Thames River Capital with its flagship emerging market fund Thames River Nevsky, which later became Nevsky Capital. 

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Multi-Asset Blog - America Last?

11 May 2017

Will Bartleet, CIO and Portfolio Manager of Pacific Multi-Asset
America Last?

US investors could be forgiven for putting America first in their asset allocation over the last seven years. US stocks gained over 130% from the end of 2009 to the end of 2016, whilst the rest of the developed world rose less than 30% and emerging markets only managed to return 6% in dollar terms.

American equities have had a lot going for them: a hugely supportive central bank, the strongest recovery of the large developed economies, high and growing margins and a vast buyer of equities – the companies themselves - issuing debt to buy back shares. These elements have all contributed to stronger earnings growth than was available elsewhere. In addition, global investors have been willing to attribute higher valuations to capture these earnings, further boosting share prices. 

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Emerging Markets Viewpoints - May

08 May 2017

Latest Emerging Market Viewpoints
From Matt Linsey and the North of South Capital team

Despite ranking number one for minority shareholder investor protection by the World Bank, the Hong Kong exchange remains something of a lottery when it comes to Mainland Chinese listed companies.

Over the past few years there have been numerous scandals ranging from minor accounting infractions to outright frauds. Companies as diverse as China Forestry, Hanergy and China Metal Recycling have been delisted as a result, leaving investors with substantial losses. 

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