Louis-Vincent Gave
Founding Partner & Chief Executive Officer
After receiving his bachelor's degree from Duke University and studying Mandarin at Nanjing University, Louis joined the French Army where he served as a second lieutenant in a mountain infantry battalion. After a couple of years, Louis left the army and joined Paribas where he worked as a financial analyst—first in Paris, then in Hong Kong.
Louis left Paribas in 1999 to launch Gavekal Research with Charles Gave and Anatole Kaletsky in London. In 2002, Louis left the London office and returned to Hong Kong; the idea at the time was that Asia was set to become an ever more important factor in global growth and that, consequently, Gavekal needed to offer its clients more information, and more ideas, relating to Asia. Since then, Louis has been living in Hong Kong from where he oversees Gavekal’s money management business. Nonetheless, Louis contributes episodically to the research. Louis has written six books, the latest being Clash of Empires: Currencies and Power in a Multipolar World which discusses the consequences of a world which seems to be breaking up into three distinct monetary zones, each with its own reserve currency, its own fiscal policy, its own imperial ambitions and perhaps even its own supply chains..
Louis has also been involved with different start-up ventures. He has helped seed a number of companies including Roboglobal LLC, Sponsorise.me, Think-Twice, Jobby-Pepper, On-Off Telecom, A-Ride Inc, Extreme Organics Inc, Ullr Maps Inc, and others. Louis currently sits on the board of Uniserve Inc, a Toronto Stock Exchange listed telecoms company, and is the non-executive chairman of Roboglobal LLC (the manager of the ROBO.US ETF, one of the largest robotics dedicated ETFs). He is also a non-executive director at Evergreen-Gavekal, a Bellevue, WA based private wealth manager. Louis also sits on the visiting board of Trinity college – Duke University.
In his spare time, Louis likes to spend time on the rugby pitch, whether in Hong Kong (where he plays for Valley RFC), or in France where he is the owner/president of the Biarritz Olympique, a club currently evolving in France’s Pro D2.
Louis speaks English and French. He spent many hours studying Mandarin and Spanish, which he once spoke decently. He is married with two sons and two daughters.
For Louis's article archive please click here.
The Daily
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Gavekal Research
September 16, 2019
A Saudi Tipping Point?
Following this weekend's attacks on Saudi Arabian oil installations, the important question has to be whether this proves to be the moment at which investors realize that market expectations have become too far removed from reality.
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Gavekal Research
September 10, 2019
The Danger Of A Dumbbell Portfolio
Both bond and equity markets are signaling investors' belief that monetary policy will not only stay easy for as far as the eye can see, but actually get easier in the coming weeks and months.
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Gavekal Research
August 23, 2019
Making Biarritz Great Again
Some readers may know that my family is the majority shareholder in Biarritz Olympique Pays Basque, one of France’s oldest rugby clubs. Through this connection, I have had a front-row seat to the organization of the upcoming G7 meeting to be held in Biarritz over the next three days. When the city was chosen, I naively thought this was good news.
Ideas
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Gavekal Research
September 17, 2019
Q&A On The Saudi Oil Attacks
One thing that stands out about the reaction to the weekend’s strikes on Saudi Arabian oil facilities is how muted much of the market response has been. Nevertheless, investors are concerned about what lies ahead. In this report, Louis attempts to answer some of the most prominent questions asked over the last 48 hours.
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Gavekal Research
September 12, 2019
The Three Waves Of Capitalism
Three great forces drive capitalism and markets: the Schumpeterian, the Ricardian, and the Malthusian. Usually only one dominates at any one time. The flood of capital into tech indicates investors believe that Schumpeterian creative destruction will continue to drive returns over the coming years.
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Gavekal Research
August 14, 2019
The Surge In Anti-Fragile Assets
The latest round of data releases appears to confirm fears that the world is facing another synchronous global downturn. If so, it will be different from other slowdowns, in that it will not have been caused by rising interest rates or higher energy prices.
Multimedia
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Gavekal Research
September 5, 2019
Audio & Transcript — Gavekal Research Call September 2019
In yesterday’s conference call, Anatole Kaletsky, Will Denyer and Louis-Vincent Gave outlined reasons for recent dramatic moves in bond markets and made arguments for what comes next. Anatole also addressed Brexit developments and Louis discussed the situation in Hong Kong.
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Gavekal Research
August 23, 2019
Video: The Anatomy Of The August Panic
As more and more government bonds around the world slide into negative yield, investors can draw one of two conclusions: either the world faces an economic meltdown, or there is a buying panic in safe assets. But although there is indeed a synchronous global slowdown in growth, Louis favors the latter explanation.
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Gavekal Research
July 12, 2019
Audio & Transcript — Gavekal Research Call July 2019
In yesterday’s Gavekal Research conference call, Louis-Vincent Gave, Anatole Kaletsky and Arthur Kroeber conducted a mid-year review of the investment environment and outlined their expectations for the rest of the year onward.