Why Quest

Track Record and Investment Philosophy

Quest Management is the only Bangkok-based foreign fund manager with an exclusive focus on Thai stocks. Unlike many portfolio managers, we take concentrated positions. We typically have 50% to 60% of our portfolio in only six to eight stocks. In total, we usually have no more than 20 stocks in our portfolio. We believe that we can reduce the risk of taking these concentrated positions by working closely with the management teams of the companies in our portfolio. We have been managing a large portfolio of Thai stocks since April 1990, with an IRR of 16.4% vs. the SET Index -2.1% over the same time period.

Let’s look at Quest Management’s performance benchmarked against a number of developed market indices:

Quest Track Record – 20 Years
Source: Quest Management

As you can see, we are not only doing better than the Morgan Stanley Asia ex Japan Free Index and the S&P 500 index, we have also substantially passed the Nasdaq.

So the question is, “how do we do this?” We simply drill into a select few companies, and we attempt to get as close to having our hands on the controls of those companies as we can.

We perform extensive research to find companies that are expected to generate strong and consistent earnings growth. Then, we go out and meet the management. Each year, we visit 100 to 200 companies.

At any given time, we seek to manage an investment portfolio comprised of only the best companies trading at the lowest valuations.