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
June 26, 2019
Trade War II, The Dollar And Gold
After the opening Twitter salvo in "Trade War II" by Donald Trump in May, markets have reacted quite differently from "Trade War I" in the spring of 2018. This time, the Federal Reserve is sounding more dovish, US bond yields have fallen back to 2%, the dollar seems to be rolling over, and gold and EMs are doing well.
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Gavekal Research
June 12, 2019
Driving The Bond Bubble—The Sum Of All Fears
For the past 30 odd years, President Donald Trump has opposed free trade and argued that foreign producers should face tariffs. Yet the market responds with shock each time the US threatens new tariffs.
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Gavekal Research
May 27, 2019
Parliament Of Losers
For anyone who did not grow up in a Commonwealth country, one of the most perplexing things about the game of cricket is that matches can last for as long as five days, and at the end of it all still end up in a draw.
Ideas
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Gavekal Research
July 8, 2019
An Investment Thesis For The 2020s
A look back at the last 50 years shows that the dominant conviction among investors at the end of each decade about what would drive markets over the following decade was invariably wrong.
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Gavekal Research
June 19, 2019
Investing For A New Cold War
Earlier this year, Louis and Charles published a book whose main thesis was that an era of globalization is ending and the world is breaking into three separate economic zones.The question Louis addresses in this piece is how investors should play this macro shift.
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Gavekal Research
May 29, 2019
China's Options In The Unfolding Trade War
China is widely seen as having a pretty miserable hand in its trade stand-off with China. However, Louis is not convinced that China has so few options.
Multimedia
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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.
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Gavekal Research
June 21, 2019
Video: China's Three Vulnerabilities
Even if Presidents Donald Trump and Xi Jinping leave the G-20 meeting in Osaka next week with a trade deal in hand, the broader rivalry will continue. In this extensive video interview Louis identifies three ways in which China is vulnerable to US pressure and explains how this may impact investors.
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Gavekal Research
May 9, 2019
Audio & Transcript — Gavekal Research Call May 2019
Investor concern this week is centered on the US-China trade negotiations, but Charles Gave and Louis Gave wonder if investors aren’t missing another risk, namely, that the world might be shifting from a deflationary to an inflationary environment.