Notes of Kora Management from the Morgan Stanley Investment Leadership Conference which took place on the 28th of June, 2018. There was a killer line up and we have notes on the full conference stay tuned for more – below is the panel consisting of Nitin Saigal of Kora Management.
The full list of speakers as follows
List of Speakers
- David Craigen, Partner at Lansdowne Partners
- Joshua David Samuelson, Vice Chairman at PointState Capital
- Robert S. Pitts, Limited Partner at Steadfast Capital Management
- Keith Meister, Corvex Management
- Parag Vora, HG Vora Capital Management
- Richard McGuire, Marcato Capital Management
- Nitin Saigal, Kora Management
- Vikram Kumar, Kuvari Partners
- Vivian Lau, One Tusk Investment Partners
- Jasjit Rekhi, Sandro Capital
- Brad Gerstner, Altimeter Capital Management
- Nathaniel August, Mangrove Partners
- Alex Gleser, TPG Public Equity Partners
- Simon Hillary, Lancaster Investment Management
- Seth Rosen, Nitorum Capital
- David Rosen, Rubric Capital Management
- Josh Clark, Southpoint Capital Management
- David Thomas, Atalan Capital Partners
- Tomoko Fortune, Criterion Capital Management
- Dennis Puri, Hunt Lane Capital
- Gil Simon, SoMa Equity Partners
- Christian Leone, Luxor Capital
- Leon Shaulov, Maplelane Capital
- Munib Islam, Third Point
Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid?
The panelists for the third discussion include:
- Nitin Saigal, Kora Management
- Vikram Kumar, Kuvari Partners
- Vivian Lau, One Tusk Investment Partners
- Jasjit Rekhi, Sandro Capital
Kora Management sees volatility in the emerging markets and gives the following recommendations:
The stocks that show strong correlation in terms of returns are the niche financials which include specialty lending and payments companies, and emerging internet sector which includes e-commerce and mobile gaming businesses.
Specifically, Kora Management recommends going long on Tinkoff Bank, a Russian commercial bank with a market capitalisation of $3.5 billion. The bank is listed in London and originated in Russia in 2010. It holds 12% market share in the credit card business in Russia, with 100% deposit funded and 50% return on equity. The earnings will continue to grow at a rate of 30-40% in the future.
Read the full article here.
