Spark Asia PMS
PMSIME's View on Spark Asia PMS
AMC View
Spark Capital AMC has potential to become a credible player in the future due to its strong niche institutional equities business and highly seasoned CIO. However, investors should wait for a more established track record and clearer investment philosophy. Spark Asia PMS, a part of Spark Capital, faces the risk of senior leadership turnover due to a lack of controlling ownership for CIO/FM.
AMC Pedigree
Spark Capital is a respected financial services group known for its niche presence in investment banking and institutional equities. Their PMS business is still in its early stages and has yet to establish credibility.
Team Pedigree
P Krishnan, CIO of Spark PMS, has over 30 years of investment experience with a long-term track record at DNB Asset Management for 19 years. His equity ownership at Spark Capital is unknown, raising questions about his long-term commitment to the business.
Investment Philosophy
Spark PMS follows a GARP investment philosophy with 6 core pillars: fair asset pricing, shorter business cycles, prioritizing alpha over beta, risk management, management hygiene factors, and maintaining flexibility.
PMS Background
Spark PMS is the PMS arm of Spark Capital (a niche, mid-market Investment Bank & Institutional broker). It is a relativey young PMS, with the PMS license only coming through in Nov-2018.
PMS Investment Philosophy
Spark PMS follows a GARP investment philosophy with 6 core pillars:
- Fair asset pricing
- Shorter business cycles
- Prioritizing alpha over beta
- Risk management
- Management hygiene factors
- Maintaining flexibility.
Investment team
P. Krishnan | 4-star rated FM
CIO
Past Experience: Manager (Carlson Funds and DNB Asset Management, Norway) ,Fund Manager (Kothari Pioneer Bluechip Fund aka Franklin Indian Bluechip Fund), Manager (SBI Mutual Fund)
Krishnan has about 3 decades of experience in asset management and equities. He has experience in regional emerging markets such as China, Taiwan, Korea and the ASEAN region. He was the manager of India's first bank-sponsored mutual fund scheme (SBI Mutual Fund) between 1990 and 1992. He was also the fund manager of India's first private sector mutual fund Kothari Pioneer Bluechip Fund which is now Franklin India Bluechip. During his stint with DNB Asset Management, Norway, Krishnan had gained great experience in the Asian EMs.
