Ping An is a leading Chinese life insurer with an attractive mix of insurance, banking and fintech operations and favorable industry tailwinds, yet is priced at liquidation value.

In this recording Andrew Macken and Christopher Demasi answer questions about the change in the global equities market while also addressing the potential buying opportunities. They explain how the Montaka team is dealing with the risks posed by the novel COVID-19 virus.

Practically every major disruption or "black swan" event navigated by the human race has resulted in significant changes to society; the coronavirus will be no different. We present some potential long-term implications of this crisis which are likely to have ramifications for businesses, industries and the evolution of the investing environment for many, many years.

This post includes the summary of our change in assessment of the COVID-19 crisis and the resulting changes to our global portfolios. We have changed our mind on the risks around COVID-19 and the positioning of our global equity portfolios has shifted significantly.

In this post, Andrew Macken addresses key questions about how we are framing the risks in the current market scenario around the coronavirus and how we are positioning our global portfolios.

In this article we cover the main themes and trends raised by a range of companies at the annual Morgan Stanley Technology, Media and Telecommunications conference in San Francisco last week. The theme which received most attention is understandably: the impact of the coronavirus on firms.

In the wake of the latest news about the coronavirus cases and the sharp correction seen in global equities, Andrew Macken, Montaka's CIO addresses two key questions which are being posed by investors. Have a look at this special edition of Montaka's Spotlight series video to know more.

Blackstone (NYSE: BX) has grown to become one of the world’s largest and highest-quality asset managers – managing a staggering US$571 billion in assets across the major asset classes. We believe Blackstone is well-positioned to capture: (i) the ongoing shift towards a core-satellite approach to portfolio construction; and (ii) the asset price appreciation that continues to flow from the ongoing structural decline in interest rates.

Traditional measures of TAM can be directionally misleading, not only in the early years of a true disruption, but at practically any point along the path. As disruptive technologies / businesses tend to consume adjacent markets, make others obsolete and create entirely new ones along their journey, it is incredible difficult to determine what is reasonable and what is not when assessing TAM.

Competitive Advantage Period is a key investment concept that is often overlooked by investors. An understanding of this concept can help investors better determine what they’re paying for when they buy a stock.

Last week Alphabet, the parent company of Google, released its financial results for the final quarter and full year of 2019. For the first time management disclosed the revenue contribution of two key growth engines of the company: YouTube and Google Cloud.

As global interest rates continue their march towards the floor, we continue to see asset prices inflate. But interest rates do not treat all humans equally. The benefits of compounding asset values accrue largely to the few who are already wealthy. In a lower-for-longer interest rate environment, this dynamic will only accelerate.