Acorn Capital has appointed Paul Quah as a portfolio manager/analyst for its Acorn Capital Asia Small Cap Fund.
Quah will be responsible for analysing and selecting stocks in the consumer discretionary sector across all Asian markets (excluding Japan). The Acorn Capital Asia Small Cap Fund was launched in November 2012 and seeks to exploit inefficiencies in the pricing of small cap stocks in the Asian region.
Quah joins Acorn Capital from Hong Kong-based broker CLSA Asia-Pacific, where he was head of regional small mid cap research for the last six years. Prior to that, Mr Quah was with Macquarie Securities in Hong Kong as deputy head of small cap research, and he has also worked for UBS Securities in Sydney as an analyst.
Douglas Loh, head of Asia at Acorn Capital, said that Acorn Capital was attracted by Quah’s research and analytical experience, as well as his in-depth knowledge of Asian markets, which fits well with Acorn Capital’s approach.
“Our research has shown that Asian markets are not as efficient at pricing stocks as other more developed markets, particularly small cap stocks.
“Acorn Capital’s investment strategy is to take advantage of this inefficiency through our research focus, which includes spending a great deal of time in Asia visiting companies and talking with management, and this is already delivering good returns for investors,” Loh said.