Investment Manager

Saigon Asset Management ("SAM"), a Cayman Islands exempted company, is the Investment Manager of Vietnam Equity Holding and Vietnam Property Holding.  SAM has been registered with the Cayman Islands Monetary Authority as an excluded person under the Securities Investment Business Law, as amended.

SAM provides the full complement of investment management services necessary for the sourcing, evaluating, monitoring and trading of VEH and VPH’s investment portfolio. Under the Investment Management Agreement, SAM has been given responsibility for the day-to-day management of the funds’ investment portfolio in accordance with the Company’s investment policies, objectives and restrictions.

The investment management business is fairly new in Vietnam.  With the exception of a few large funds, most Vietnam-centric investment funds currently in existence were established less than five years ago. During the past two years, the number of investment funds in Vietnam has increased significantly due to Vietnam’s economic potentials and a strong demand by global investors to enter this market. Competition is fierce and the field is currently controlled mostly by foreign funds.  As such, new investment firms being created need to differentiate themselves in order to be competitive. Within that context, the Investment Manager was created to take advantage of the synergy of two distinctive groups:

     (i) Members of the Investment Manager with on-the-ground and international track record.  Members of the Investment Manager came from top investment funds in Vietnam, have a long-term interest in the country, possess a thorough understanding of the Vietnamese culture, and are fluent in English and Vietnamese.  The team’s economic interest is equitably distributed so as to properly align its interest with that of the Company.

     (ii) International Partners and executives seeking collaboration with Vietnam’s top local investors and industry leaders.  This group will provide rigorous corporate governance and assistance with cross-border business transactions as well as enhancement of the value creation process of portfolio companies. Consequently, this should encourage Vietnamese enterprises to seek to work with the Investment Manager on the basis that it can provide them with strategic partnerships and capital to penetrate new markets, improve management capabilities, and enhance operational and financial results.  

Mr. Louis Nguyen
Chairman & CEO
Saigon Asset Management

louisnguyent.jpg Louis Nguyen is the Chairman and CEO of Saigon Asset Management Corporation (SAM) and has been an active investor in Vietnam since 2003. Prior to founding SAM in 2007, Mr. Nguyen was Managing Director at VinaCapital where he headed the DFJ Capital fund and Corporate Finance. Prior to joining VinaCapital, he was Founding General Partner of IDG Ventures Vietnam, a $100 million venture capital fund. Prior to IDG, Mr. Nguyen was actively working in the U.S. as Vice President at Intelligent Capital, an M&A firm based in San Francisco, California. Prior to that, he was Partner at Osprey Ventures, a US$100 million venture capital fund based in Menlo Park, California. Mr. Nguyen has extensive operating experience as a Manufacturing Division Controller at NEC Computer Systems in Sacramento, California, and Apple Computer in Cupertino, California. Prior to that, he served as an auditor with KPMG in Mountain View, California. He is the Chairman of Saigon Asset Management Foundation, a U.S. 501c3 nonprofit organization which provides education scholarships to the underprivileged in Vietnam. Mr. Nguyen received a Bachelor of Science in Accounting from San Jose State University, California. He is fluent in English and Vietnamese.

Mr. Michael Kokalari
Deputy CEO & Chief Investment Officer
Saigon Asset Management

mike.jpgMichael Kokalari, CFA has 15 years experience running multi billion dollar credit, equity and fixed income derivatives portfolios for Credit Suisse First Boston, Paribas, JP Morgan Chase, Lehman Brothers and WestLB in London, Tokyo and Frankfurt. Mr Kokalari has been in Vietnam for 2 years where he has been a senior level advisor for Vietfund Management (VFM), a joint venture between Dragon Capital and Sacombank. His work with VFM primarily involved setting up the Vietnam Active Fund (VFA), Vietnam’s first publicly listed equity fund managed entirely using quantitative techniques. He is the co-author of the CFA guide to Credit Derivatives, he has founded 2 computer software companies, and he is a part-time lecturer in the Vietnam National University, Department of Mathematics in Ho Chi Minh City. Mr. Kokalari holds master’s degrees in business, engineering and mathematics from Stanford University and additional graduate level training in Mathematics and Economics at Harvard and the London School of Economics. He is fluent in English and Japanese

Mr. Henrik (Hien) Vu
Director - Real Estate Investments
Saigon Asset Management

henrik_th.jpgHenrik Hien Vu has over 10 years of on-the-ground experience in real estate in Vietnam including development, consultancy, research, and valuation. Prior to joining Saigon Asset Management, Mr. Vu was a Managing Director at CitiPlus Corporation; one of the leading local property consultants providing a full range of real estate services from project marketing, valuation and research, development consultancy, to property management services for high-profile local and multinational clients in Vietnam. Prior to CitiPlus, Mr. Vu was at CB Richard Ellis (CBRE) where he was instrumental in the setting up of the Corporate Services and Investment Properties Divisions in Vietnam. Prior to CBRE, Mr. Vu was a Client Manager with Calyon Corporate & Investment Bank where he was in charge of financial analysis, project-based financing, loan appraisal, and marketing of the bank’s facilities and services to multinational clients. Mr. Vu graduated from University of Greenwich (London) with a Master Degree in Real Estate Development and Investment. He is a frequent lecturer at related professional courses conducted by the Open University, Vietnam. He is fluent in English and Vietnamese.

Mr. Trung Luong
Director - Legal and Operations
Saigon Asset Management

tluong.jpgTrung Luong has over ten years of experience in legal practice related to investment and corporate matters and three years of general and investment compliance. Prior to joining SAM, Mr. Luong was Legal Counsel and Compliance Officer at Manulife (Vietnam), a life insurance and asset management branch of Manulife Financial. Prior to Manulife, Mr. Luong was Legal Counsel of British American Tobacco. He also had four years working as an attorney-at-law in two leading local law firms, InvestConsult Group and Thang & Associates. Mr. Luong received a Bachelor of Law from Hanoi Law School (Vietnam) and Graduate Diploma in Law from College of Law (of England & Wales). He is fluent in English and Vietnamese