Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cam Hui has been professionally involved in the financial markets since 1985 in a variety of roles, both as a quantitative equity portfolio manager and as a sell-side analyst. He graduated with a degree in Computer Science from the University of British Columbia in 1980 and obtained his CFA Charter in 1989.

Cross-Asset Strategist & Quantitative Analyst

Trade War/ Economy/ Taiwan/ Human Rights/ Virus

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

Cross Asset Strategy

‘Tis the season for analysts and strategists to publish their year-end forecasts for 2020. Instead of participating in that ritual, this is the first of a series of think pieces of what might lie ahead for the new decade. We begin with the difficult challenge of Sino-American relations.During the Vietnam War, Mao branded the U.S. as a paper tiger. We would argue that the appearance of the Chinese threat to the U.S. is another paper tiger, as long as the relationship is managed properly. War is not always the end result.This essay is our own equivalent of American diplomat George Kennan’s “long telegram” of 1946, in which he argued that if the Soviet Union was properly contained, it would collapse under the weight of its internal pressures. If the Sino-American relationship is properly managed, the fears over the strategic threat from China will prove to be as alarmist as the fears that arose in the late 1980s over Japanese dominance of the global economy.For investors...navigating the coming era of decelerating Chinese growth will be the key to asset returns. The losers are readily identifiable. Economies exposed to Chinese growth, such as Asia, and resource exporting countries like Australia, New Zealand, Canada and Brazil will see sub-par growth as China slows. The winners are less obvious, and depend on the trajectory of U.S. foreign policy, as well as the reaction of other major players like the EU and Japan.

‘Tis the season for analysts and strategists to publish their year-end forecasts for 2020. Instead of participating in that ritual, this is the first of a series of think pieces of what might lie ahead for the new decade. We begin with the difficult challenge of Sino-American relations.During the Vietnam War, Mao branded the U.S. as a paper tiger. We would argue that the appearance of the Chinese threat to the U.S. is another paper tiger, as long as the relationship is managed properly. War is not always the end result.This essay is our own equivalent of American diplomat George Kennan’s “long telegram” of 1946, in which he argued that if the Soviet Union was properly contained, it would collapse under the weight of its internal pressures. If the Sino-American relationship is properly managed, the fears over the strategic threat from China will prove to be as alarmist as the fears that arose in the late 1980s over Japanese dominance of the global economy.For investors...navigating the coming era of decelerating Chinese growth will be the key to asset returns. The losers are readily identifiable. Economies exposed to Chinese growth, such as Asia, and resource exporting countries like Australia, New Zealand, Canada and Brazil will see sub-par growth as China slows. The winners are less obvious, and depend on the trajectory of U.S. foreign policy, as well as the reaction of other major players like the EU and Japan.

China, Paper Tiger