Richard Chandler

Christopher, who declined to be interviewed, enjoys windsurfing, water-snowboarding and riding bikes, while Richard unwinds on the golf course . The brothers also prize scale, believing that the way in which to attain outsize returns is to make a couple of big bets — Sovereign usually holds fewer than ten stocks — quite than handle a various portfolio. The Chandlers favor massive-cap stocks in big countries. “If you are invested in huge firms in big countries, meaning there’s a ready viewers of benchmark-following traders who must purchase the asset,” says Richard. “By buying massive — going slim and deep, versus diversifying — you maximize your success.” Sovereign’s foray into Japanese financial institution shares is a case in point.

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Household Owned Since 1926

“We would have hoped that Soros Fund Management and Harvard would have acknowledged the opportunity to set up Novolipetsk as a mannequin of fine company governance in Russia,” he says. After exiting Brazil the Chandlers gravitated to Eastern Europe, attracted by the region’s transition to capitalism. They purchased an undisclosed stake within the Czech Republic’s electricity monopoly, CEZ, within months of the corporate’s official listing on the Prague Stock Exchange in January 1994. At the time, many Western establishments could not purchase Czech shares instantly, and many individuals were unable to entry the market through their Western brokers.

Hedge fund Muddy Waters’ founder Carson Block pointed out that Chandler, who right now upped his NMC stake to 3.18% from 2.7%, beforehand wager towards his short position in China’s Sino-Forest, which went bust. he scourge of NMC Health today attacked New Zealand billionaire Richard Chandler’s judgement as he elevated his stake within the troubled hospital group. Although they will appear uncompromising and painfully earnest to some who have handled them, pals say the Chandlers have a lighter aspect. “They are extremely serious when it comes to moral convictions, however they do not hit you over the top with them,” says Mark Foster-Brown, a companion in London hedge fund Altima Capital, who has recognized the Chandlers since trading for them at Morgan Grenfell within the ’90s. He and his companion, Mark Donegan, who also has handled trades for the Chandlers in the past, convey the brothers and their father, Robert, to London’s Twickenham Stadium whenever New Zealand’s rugby group, the All Blacks, play against England.

Oz Deal Brings Chandler Closer To Home

There is a special place in heaven for him. He took care of my household and I for more than 40 years. My condolences to Dr Chandler and household. He was a fantastic doctor who beloved his sufferers and medical staff. I worked many years at BSA with taking careperson. He was a constructive and greatest position model to any medical particular person.

richard chandler

Richard sent questionnaires to all listed New Zealand corporations and 200 individual directors, and concluded that there was a harmful, widening rift between possession and management at most quoted firms. The growing clout of institutional shareholders may present a method to shut that rift, the paper added. The brothers offered out of their Hong Kong property portfolio in 1991 for a big revenue and their internet wealth surged from $10 million to $forty million. This was their last highly geared investment and so they have had minimal debt since then.

Secrets Of Sovereign

Christopher Chandler additionally attended the University of Auckland, earning a law diploma in 1982. A technology buff, he built computers and wrote software program programs in his spare time. Recently married and the father of an toddler son, Christopher is balding, compact and less intense than Richard, a lanky bachelor with a head of wavy grey hair.