Who is Quarz Capital
Quarz Capital is an ASIA-focused activist investment firm that works directly with management teams and other stakeholders of small and middle capitalisation companies to tackle structural, operational and communicational obstacles that stand in the way of higher valuations.
We capitalise on the particularly attractive developed asian markets for activism, where local companies usually focus less on maximising shareholder value due to tax, organisational and cultural factors.
Year track record
Meet the team
Quarz Capital’s team is unique, lean, and focused.
Collectively, the Quarz team has:
- Been responsible for leading over twenty activist investments in small and mid-cap companies (mainly in ASIA) since 2011.
- A complementary blend of experience and expertise not only as ASIAN activist investors, but also as business operators and corporate strategists.
- The advantage of having local roots – speaking the local languages, understanding the culture, and knowing how to interact and engage with ASIAN management teams.
- Extensive hedge fund operational experience with a dedicated Operations Team.
Jan F. Mörmann is the Founder and CIO of Quarz Capital. Prior to founding Quarz, Jan was with the Equities & Wealth Management Groups of UBS, Credit Suisse AG and LGT in Germany, Switzerland and Hong Kong. He subsequently joined the Investment Banking Division of Bellevue Group (Switzerland). Jan holds a Bachelor of Arts in Business Administration as well as a Master of Arts in Banking & Finance from University of St.Gallen (HSG) in Switzerland.
Havard Chi leads our research activities with his team of Analysts. Havard joined Quarz following a successful six year career at Bellevue Asset Management where he was the co-fund manager of the firm’s Asian and African investment portfolios. Prior to that, he was with Citibank. He holds a Master in Arts (HSG) in Banking and Finance from the University of St. Gallen and a Bachelors in Economics from the National University of Singapore. Havard is a CFA charter holder.
Klaus has worked as a financial journalist for German newspaper Berliner Zeitung, TV station n-tv as well as newswires Reuters and Bloomberg in Frankfurt, London, New York, Zurich and Singapore. Klaus is an economist by training and a Chartered Financial Analyst (CFA).
We operate from our offices in Singapore.
Quarz Capital is a company incorporated under the laws of Singapore and operates as a registered fund management company which has been registered with the MAS under Regulation 5(1)(i) of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations, which is subject to business conduct regulations, and falls within the regulatory purview and supervisory oversight of the Monetary Authority of Singapore (MAS).
Quarz relies on a value oriented and research driven approach to investing with the ambition of creating portfolios which are attractively priced with several embedded catalysts.
The firm invests in listed equities across major geographies in Asia, sectors and industry groups with an active value approach:
Upside Potential: Value enhancement potential that could credibly generate a return of 50% or more.
Margin of Safety: Loss protection in case thesis does not play out as expected i.e. discount, cash flow, dividends.
Rationale for Undervaluation: A sound & credible argument can be made as to why the opportunity exists.
Influence over Outcome: Ability to actively influence the investment outcome.
Position Sizing: Ability to build and manage a meaningful position large enough to effect the investment thesis.
Quarz’s active value approach and rigorous investment process combines the best of the worlds of business and investment to generate superior shareholder returns at reduced levels of risk. Our unique approach in public markets provides attractive investment opportunities.