AK Partners

A disciplined relative value approach with a focus on identifying catalysts that will unlock value.

Bottom-up fundamental approach through a proprietary quantitative screening model that identifies a pool of portfolio candidates with discounted relative valuations.
Qualitative selection of portfolio constituents from the results of the quantitative screening by Korea-based analysts through industry research, company visits, business forecast, valuations and written reports.
Focused portfolio allocation by limiting the number of stocks in the portfolio, taking into consideration important secular and structural variables and macro outlook.
Flexibility to use futures and options to dampen market volatility in times of above-trend risk generating events.

Continual quantitative screening of all listed stocks on the KSE and KOSDAQ is undertaken to produce a group of 180-200 companies for idea generation and further in depth research; quant model criteria are predominantly value-oriented with a minor weight given to earnings and price momentum factors.
Our team of Seoul-based analysts make a substantial number of company visits each month, most of which are from our quant screening list and which are under-researched. This proactive research approach often identifies value and mis-priced opportunities ahead of the market.
Shorting is undertaken by stock borrowing and put options, based upon fundamental analysis of company value and market outlook. AK Partners has broad experience with stock borrow and shorting through its management of warrants in the KOROmas Fund Ltd and CORO Voltin Fund Ltd.
Pro-active and continuous portfolio adjustment/rebalancing when appropriate, based on insights gathered through long local market experience.