Private equity has long been considered a form of alternative investments that is able to generate superior returns compared to the traditional public equities asset class. It is not uncommom to see top-quantile funds delivering mid-teens to mid-twenties annualized returns, … Continue reading An Introduction to Publicly-traded Private Equity Funds
Recent success of many Chinese companies worth our attentions: Oppo and Vivo gaining top 3 positions in the market, Momo tripling its revenue in the latest quarter, and Netease seeing strong momentum in their mobile games businesses. From them, we … Continue reading Divergence
During the period of August 1, 2014 to July 31, 2015, Hanerest’s portfolio generated annualized average return of 26% on invested capital. Meanwhile, our assets under management grew 129% during this period. During the same period, MSCI ACWI gained 3.35%, S&P500 gained … Continue reading 2014-2015 Annual Investment Result of Hanerest
Most economists agree that deflation hurts the economy. They believe that deflation increases the real value of debt and decreases the income of producers, which can lead to their insolvency. Also, deflation increases the real value of cash, and so people will hold cash … Continue reading Is Deflation Really a Bad Thing for the Economy?