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 five books, though none since the publication in 2012 of Too Different for Comfort (e-version available for free download here) a book which reviewed how the rise of robotics, the demographic transition in China, and shale-induced lower energy prices would transform the world. Louis frequently speaks at industry events and is often quoted in the financial media.
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
-
Gavekal Research
October 18, 2018
The Consequences Of Khashoggi
In 1939, Franklin Roosevelt famously dismissed reservations about Nicaragua’s brutal dictator Anastazio Somoza with the comment “he may be a sonofabitch, but he’s our sonofabitch.” In the world of foreign policy realpolitik, to a large degree FDR’s doctrine still holds true.
0 -
Gavekal Research
October 11, 2018
Bonds' Failure To Rally
Given all the bad news for markets this year, one would be forgiven for thinking that US treasuries and German bunds would have been a good investment.
-
Gavekal Research
September 26, 2018
Does Beijing Really Manage The RMB Against A Basket?
Possibly the only easy thing about studying China is that Chinese policymakers tend to “say what they do and do what they say”. Take the Chinese exchange rate as an example. From 1998 to 2005, the renminbi’s exchange rate was fixed at CNY8.28 to the US dollar.
Ideas
-
Gavekal Research
October 16, 2018
Six Impossible Things Before Breakfast
Louis investigates six of the most incongruous sets of relationships that have held sway this year and offers alternative explanations.
-
Gavekal Research
October 1, 2018
The Big Lesson From Argentina
One of the reasons this summer’s sell-off in Argentinian debt was so vicious was that few international banks these days are willing to make markets in such “exotic” bonds, and even fewer are prepared to hold a substantial inventory. As a result, when foreign investors rushed for the exit, there was no market.
-
Gavekal Research
September 6, 2018
On Getting It Wrong
Louis went into 2018 with a set of assumptions about how growth and markets around the world would play out. It hasn’t exactly worked out as expected and in this mea culpa he seeks to understand how he got it wrong and what comes next.
Multimedia
-
Gavekal Research
October 11, 2018
Audio & Transcript — Gavekal Research Call October 2018
In this month’s Research Conference Call Louis-Vincent Gave examined the present bad tidings from markets and asked whether the global bull market faces a denouement. Anatole Kaletsky argued that this sell-off will likely prove to be a temporary setback for emerging markets and that the global bull market may have further to run.
-
Gavekal Research
September 3, 2018
Video: An Unexpected Investment Environment
With the exception of US equities, about the only other way most investors could have achieved a positive return this year was to have held US dollar cash. That has made for a very strange investment environment that few people saw coming.
-
Gavekal Research
June 11, 2018
Audio & Transcript — Gavekal Research Call June 2018
During Friday’s monthly call, Louis Gave addressed the direction of the US dollar and the impact of expanding US fiscal deficits. Anatole Kaletsky focused on the rise of populist politics, which remains his major concern. Charles Gave considered the impact of resurgent nationalism on the investment environment.