Checking the Pulse on Global Economy: Strategy for 2020

Download PDF: monthly_201912 Risk aversion has come down of late, as highlighted by the rebound in real yield from a deep negative level in G7 economies ex-Italy. The improving global outlook despite apparent weakness in credit Chinese data, however, is concerning. The less forceful and diminishing stimulus administered by the Chinese government in the lastContinue reading “Checking the Pulse on Global Economy: Strategy for 2020”

The Tale of Two Countries: Chile and Russia

Download PDF: Chile and Russia Similarities Both Chilean and Russian economy are dependent on natural resources, with copper accounting for 48% of Chile’s exports and oil & gas accounting for 41% of Russian exports. Both countries have rank moderately across EM countries in terms of exports size relative to GDP and rank lowly in termsContinue reading “The Tale of Two Countries: Chile and Russia”

October 2019: 1st Anniversary of Putamen Capital

Download PDF: Monthly_201910 Risk and Return This month marks the 1st anniversary of Putamen Capital, with Putamen Growth Fund (PGF), our sole and flagship fund, recorded 34.15% return between October 24th, 2018 and September 30th, 2019. Since the inception, we have been exploring various type of equity, option and volatility strategy across developed and emergingContinue reading “October 2019: 1st Anniversary of Putamen Capital”

Chile: A Case of Investor’s Complacency?

Download PDF: Chile Research Chile has enjoyed a developed economy status over the years, but its growth profile is still hugely cyclical due to dependency on copper export. The country is suffering from twin deficit due to weakness in copper prices and the government’s fiscal condition is deteriorating, albeit at a still very healthy level.Continue reading “Chile: A Case of Investor’s Complacency?”