Desmond Kinch, CFA, founded Overseas Asset Management in 1989 and launched the OAM Asian Recovery Fund on December 31, 1998. He invested his personal wealth into both purchasing a condominium and funding OAM's startup, demonstrating strong alignment with investors. Under his leadership, the fund has achieved an 11.2% annualized return over 26+ years, significantly outperforming the MSCI Asia free ex-Japan benchmark. The fund has grown from an initial $10.00 per share to nearly 16-fold growth, with current AUM of approximately $340 million. Kinch and the management team hold 27.5% of fund shares, while OAM is 100% owned by its directors and employees who are significant shareholders in the funds.

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The fund achieves double-digit compound annual returns by identifying top boutique fund managers in Asia ex-Japan when they manage small amounts of money, using their network of Asian fund managers as a sounding board. The firm looks for alignment of interests by selecting managers that have significant investments in the funds which they manage. The investment approach focuses on boutique-managed open-ended funds and closed-end funds trading at a discount to NAV, with underlying holdings biased towards small and medium capitalization equities and companies serving the Asian consumer sector. The fund limits Greater China exposure to 40% despite this region constituting nearly 60% of the benchmark due to geopolitical risks. Current views include that the US Dollar is overvalued against most currencies and Asian equities are cheap relative to US equities.

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