Kenneth Lee Chiang

MLAM's worldwide approach to equity investing uses a philosophy of identifying relative value among individual stocks and stock markets by focusing primarily on two variables: reinvestment rate and the price-to-book value ratio. There are seven additional screens employed to further refine the process. The factors used to identify value include price-to-cash flow, price-to-earnings ratios, past and future earnings growth and dividend payouts. For asset allocation, a country whose market valuation measurements seem consistently above or below world averages or its own historical averages are over or under-weighted accordingly. The degrees of over or under-weighting are determined by relative economic prospects as measured by the outlook for GNP, inflation and interest rates of each country and their impact on currency movements. By combining a value approach to individual stock selection with asset allocation by country, the firm seeks to achieve consistent performance relative to international equity indexes. MLAM combines top-down and bottom-up analysis and uses proprietary models as part of their research process. Their funds are team-managed.

Acts as Hedge Fund

Functions as a College/University

Redwood Peak’s hedge fund aims to produce superior investment returns throughout various market cycles by investing in companies located in or with exposure to the China region. The firm seeks capital appreciation during favorable market conditions while preserving capital in times of financial duress. The Fund uses a value approach and has a net long bias, but utilizes shorts for both alpha generation and hedging purposes. The Fund’s research process is based upon bottom-up, fundamental analysis that typically targets companies with four main characteristics: high-quality management teams, strong business franchises, high barriers to entry through brand, scale or technology, and reasonable valuations. The Fund primarily invests in publicly traded equities but has the flexibility to invest in derivatives and other securities.

Functions as a College/University