Aug 14, 2017
Richard Lawrence is the Chairman and Executive Director of The
Overlook Group, a $5 billion investment organization focused on
Asian equities that Richard founded in 1991. Over the past
quarter-century, Overlook developed and implemented disciplined
investment and business philosophies that interconnected to drive
extraordinary results for its partners. Overlook has compounded
capital at an annualized 14.5%, outperforming its benchmark by an
insane 9% per annum. But that’s not all, as Richard would proudly
tell you himself, the capital weighted return of the average
investor in Overlook is nearly identical to the time weighted
return over any period of time – a rare feat in the money
management industry. Indeed, today’s asset base is the result of $4
billion of investment gains on top of $1 billion in contributed
capital.
Our conversation starts with a look at investing in Asia in
Overlook’s early days and walks through the particulars of the
approach Richard takes to investing and running his business,
including attractive investment attributes, management integrity,
portfolio construction, selling discipline, and China Yangtze Power
- the only stock the firm supersized in an SPV in its history. We
discuss Overlook’s long-held cap on subscriptions and periodic
reductions in its management fee, two business philosophies that
Richard believes have been key drivers of Overlook’s success.
If you enjoyed my conversation with Tom Russo, you won’t want to
miss this one with Richard.
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