We invest proprietary capital in a concentrated portfolio of public companies across Greater China and the United States. Our approach is fundamental, research-led and oriented toward long-term ownership.
We seek durable businesses, disciplined capital allocation and owners whose interests are aligned with ours. We prefer depth over breadth. Most opportunities are declined; conviction is earned slowly.
Managing only our own capital allows us to think independently, wait when the odds are unclear and act when opportunity and conviction align.