Abstracts » Business, international

Ruling the roost

Article Abstract:

The Peregrine Brokerage in Hong Kong is inextricably linked with its co-founder and chairman Philip Tose who is considered enigmatic by many. Through hard work, an appetite for risk and good connections, Tose has built Peregrine into a powerhouse firm. He is considered an outsider to many of Hong Kong's colonial establishment members who is more interested in cultivated business contacts with local magnates including Li Ka-shing. Tose's relationships with local businessmen have brought him valuable information for clients.

Securities Dealers, Officials and employees, Securities industry, Tose, Philip, Peregrine Brokerage

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Hot in Hongkong

Article Abstract:

Investment advisers who placed single-market funds in the Hong Kong market were rewarded with a 43% upsurge in the Hang Seng Index between Jan 1992 and Sep 1992. This resulted in impressive gains for Hong Kong-fund managers which have been envied by others. Walter Wu emerged as the top performer with an increase of 88% for the Hong Kong Fund of Barclays de Zoete Wedd Investment Management Inc. Wu expects Hong Kong to be profitable again once political uncertainties are resolved.

Investments, Mutual funds, Wu, Walter

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Safe is sound

Article Abstract:

Goldman Sachs is determined to retain a strong presence in Asia, despite economic instability in the region. It currently has 20 investments worth almost $700 million in Asia, and has played a key role in adding value to companies across Asia. It is seeking to derive maximum benefit from the decline in regional stock markets, and is considering investment in a number of companies that it believes have seen their shares unnecessarily downgraded.

Investment Banking, Investment banks, Goldman Sachs (Asia) LLC

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