Asian Girl with a Flag
Didier Darcet
2 April 2019

Asia First!

There is no doubt that the Gavekal group has deeply planted Asian roots. The founders decided to headquarter in Hong Kong in 2001, anticipating China’s formal membership to the World Trade Organization (WTO), approved in December 2001. Gavekal Intelligence Software, the quantitative research arm of Gavekal, is based in France, but seems to stem from its parent company’s roots. Its first product −TrackMacro− has massively outperformed equity markets, bond markets, and hedge fund indices in Asia for three and a half years. This note details the AI model behaviour in Asia and the reason for its outperformance.