The new boutique

Two Lloyd George fund managers set up a Hong Kong equities boutique.

Scobie Ward and Peter Ferrys new venture, Ward Ferry Management, has begun making its first investments around the region. The two founders of the new fund management company left Hong Kong-based Lloyd George Asset Management in September. Ward had been CIO at Lloyd George as well as one of its original founders since 1992, and had helped the firm grow from a start-up to a $2 billion player.

ScobieWardThe move for him was to return to what he enjoys best investing in small-cap stocks and visiting companies around the Asia Pacific region. I have an enthusiasm for investing in smaller companies, he says. He had found the constraints of managing large sums...

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