About

Leading Singapore Active Value Investment Manager With a Focus on Small and Mid-Caps

Quarz Capital aims to deliver superior long-term returns by identifying high-quality investment opportunities in Singapore and Developed Asia, applying its disciplined, active value strategy.

Rigorous Active Value Investing

Quarz Capital acquires significant ownership positions in public small and mid-cap companies mainly in Developed Asia with a focus on Singapore and seeks to maximise their long-term potential through constructive engagement.

We engage directly with management teams, boards, and key stakeholders to address structural, operational, and communication inefficiencies that may hinder a company's true market valuation.

Our approach is research-driven and disciplined, combining deep fundamental analysis with active ownership to unlock value for all shareholders.

Deep Research

Rigorous bottom-up fundamental analysis to identify deeply undervalued companies with clear value-creation potential.

Active Engagement

Constructive dialogue with management and boards to catalyse operational, financial and strategic improvements.

Value Creation

Focused on closing valuation gaps through corporate governance, capital allocation and strategic clarity.

Our Team

Experienced investment professionals with deep roots in Asian capital markets.

Havard Chi CFA

Head of Research · Since 2015

Previously with Bellevue Asset Management. Graduated from the National University of Singapore (NUS) and the University of St. Gallen (HSG).

Jan F. Mörmann

Founder & CIO · Since 2011

Founded Quarz Capital in 2011. Previously with UBS, Credit Suisse, LGT and Bellevue Asset Management. Degree from the University of St. Gallen (HSG).

Klaus Wille CFA

General Manager · Since 2019

Previously a financial journalist at Reuters and Bloomberg covering Asian capital markets and corporate governance.

Investment Philosophy

Identify Undervaluation

We focus on companies trading at significant discounts to intrinsic value, with strong underlying fundamentals and clear catalysts for value realisation.

Engage Constructively

We work directly with management and boards through dialogue, shareholder proposals and public engagement to close valuation gaps.

Realise Value

Our campaigns have resulted in privatisations, mergers, capital returns and improved governance across the Singapore and Asian markets.

Singapore

Gardens by the Bay

Singapore Office

Quarz Capital ASIA (Singapore) PTE. LTD.

160 Robinson Road

#19-09 SBF Center

Singapore 068914

enquiries@quarzcapital.com

Regulated by MAS

Capital Markets Services Licence