Marshall Mays

Founder & Director, Emerging Alpha Advisors, Ltd.

Member of the Financial Services Council

Council Member Biography

Marshall T. Mays is Founder and Director of Emerging Alpha Advisors, Ltd., a company engaged in advising on risk management and portfolio strategy, author of "Asian Values," a newsletter assisting readers in understanding long-term value within Asia's market, and Director of the Asian Bond Market Forum, a research institute dedicated to building Asia's financial infrastructure. He has spent over 22 years investing in Asia, managing IT and investment businesses; he spent eight years in Japan with Chase Manhattan and State Street Trust & Banking. He then served as Nikko Securities' Chief Strategist in HK. He is a licensed asset manager under SFC supervision in HK. Mr. Mays is a regular guest on Bloomberg TV and CNBC and Adjunct Professor at City University of HK. Previous activities include advising the People's Bank of China on establishing a consolidated regulatory framework for China's financial system and on the establishment of a publicly traded bond market. He also advised on domestic securitization markets in Thailand, Malaysia, and the Philippines. Current projects include writing a book on the formation of effective bond markets for Asia, supporting development of both local credit-information agencies, and domestic securitization markets in several Asian countries, plus IT system design. He has written numerous articles and several books on the bond and pension markets of Asia. Mr. Mays graduated from Wharton, John Hopkins School of Advanced International Studies, and (This is me - Update Profile)

Employment History

1999 - present: Founder & Director, Emerging Alpha Advisors, Ltd.

GLG News^SM Analyses by Marshall Mays(?)

Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.

Volatility is becoming "normal" again

October 2, 2009

Analysis by:Marshall Mays, Founder & Director, Emerging Alpha Advisors, Ltd.

Analysis of: After the storm – A “new normal” for the world economy | www.economist.com

1 - This opinion-leader concentrates on needed changes in public policy, which are unlikely to happen. What will happen to the markets during this period of waffle?2 - Currency management will matter, as another way governments cheat, but the very shift from emergency priming to actual use of funds...

The new sub-prime market - another slow-motion disaster

October 1, 2009

Analysis by:Marshall Mays, Founder & Director, Emerging Alpha Advisors, Ltd.

Analysis of: Asian freight lines face threat of seizure | www.ft.com

1. Ship financing has usually been risky business, but during the 2003-07 go-go years that corresponded with the debt bubble it all seemed free and easy.2.Like US commercial property, ship construction got a lot of non-bank money, so now some funds will suffer - but so will the CDOs the bankers stuffed...

Global capacity adjustment - not just a China PR stunt

September 30, 2009

Analysis by:Marshall Mays, Founder & Director, Emerging Alpha Advisors, Ltd.

Analysis of: China moves to curb industrial capacity | www.ft.com

1. Overcapacity is a recurring Chinese problem, in the name of employment management and overall growth. 2. High export dependency (42% in 4Q08) exposed the economy to infrastructure bottlenecks, trade friction and increased risk of oversteering. 3. The need to adjust is real, but the bigger risksare...

Near-term short on Daiwa is in order

September 14, 2009

Analysis by:Marshall Mays, Founder & Director, Emerging Alpha Advisors, Ltd.

Analysis of: Daiwa to buy out SMFG from venture for $2.2 billion | uk.reuters.com

1. A large, research-driven brokerage that has never fully adjusted to the realities of the post-90s Japan needed the deal-making and distribution muscle of SMFG.2. Its tightening of the relationship over a year ago was based on recognizing that weakness.3. The buy-out reflects a refusal of Daiwa leadership...

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