Thai Focused Equity continues to ride the wave


Thai Focused Equity Fund, the highly concentrated bottom-up strategy run by portfolio manager Doug Barnett at Bangkok-based Quest Management, did well again in October as it delivered a 6.7% return after an 11.40% jump in September.

The gains in those two months brought year-to-date return to 36.67% – a performance that benefited from a continuing rally of the Thai market.

Under the strategy, Barnett seeks to find well-run Thai companies with good growth prospects, excellent management teams, defensible niches and low leverage.

His fund, which only maintains six to eight positions on a long-term basis, has delivered an