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Alternative Market Briefing

Quest’s Thai fund soars over $250m benchmark with 24% return in seven weeks

Thursday, February 21, 2013

By Beverly Chandler, Opalesque London:

Doug Barnett, president of Quest Management Inc reports that his Thai Focused Equity Fund is up 23.8% in the first seven weeks of 2013, putting assets in the fund up over its $250m benchmark. As a result, Barnett is moving to dealing D class shares from March 1st, with a 1% and 20% fee structure over a high water mark and on a six month, rather than three month, notice period only.

Barnett describes his fund as niche but celebrates his out performance of Warren Buffett. In an interview with Opalesque’s Asia Pacific Intelligence in November, Barnett explained that his slogan is: "If you have $1bn to invest, you have to go with Warren. If you have $100,000 to $20m to invest, you should invest in the Thai Focused Equity Fund".

Barnett has spent 23 years investing in Thailand and achieved an IRR of 16.7% over 22 years against Buffett's 14.7%, while over 14.7 years, Quest gained 15% against Buffett's 7.3%. However, Barnett’s fund is big for its local market, Thailand, where the entire market capitalisation is $200bn, the size of a good sized US company.

Interviewed on Opalesque TV in May 2011, Barnett was celebrating, at that time, achieving a 3111%......................

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