Claire Barnes

Claire Barnes has managed the Apollo Asia Fund from Hong Kong for many years, developing one of the most respected independent Asian value equity strategies. The fund focuses on small and medium-sized Asian companies that are overlooked by large institutional investors — finding businesses with strong fundamentals, honest management, and trading at significant discounts to intrinsic value. Barnes conducts deep, on-the-ground fundamental research across multiple Asian markets including Malaysia, Singapore, Thailand, Indonesia, and others. Her quarterly fund reports are notable for their intellectual depth and honest assessment of both positions and investment mistakes. The Apollo Asia Fund represents the kind of independent, conviction-driven asset management that is increasingly rare. Her willingness to acknowledge errors and update her thinking publicly has made her reports valued not just as investment analysis but as models of intellectual honesty that experienced investors seek out regardless of their views on Asian equities.