Great article ....thnx
Hi Patrick, Given the significant interest by large fund managers in the Chinese ADR's such as Alibaba, Tencent, etc why don't you start asking some questions about the corporate structures of these companies. All of these securities are domiciled in the Cayman Islands (which probably should be an immediate red flag for investors). What assets do these Cayman Island companies actually own? What are their legal rights to assets in China? What are the risks involved in their corporate structures? What are the underlying assumptions that the fund managers are making about the long term rule of law in China? Getting straight answers just from these questions would make for an entertaining interview don't you think? Best regards, Rob
Rob, this is a great point, thanks for bringing it up. I'll look for an opportunity to cover this off with one of the global managers who contributes to the platform in future.
MFF Capital Investments owns Bank of America, JP Morgan, Wells Fargo, Lloyds...
Annabelle, MFF Capital isn't managed by Hamish Douglass.