Capital Allocators – Inside the Institutional Investment Industry

Howard Smith – Japanese Equities at Indus Capital (Manager Meetings, EP.35)

Aug 18, 2022

Howard Smith, Partner and Portfolio Manager at Indus Capital, shares his unique journey from a rural UK village to the heart of Japan's investment scene. He discusses the intricacies of Japanese corporate governance and the vital role of Japanese firms in semiconductor production. Howard highlights the importance of personal relationships and thorough analysis in investment strategies, while also reflecting on the transforming landscape of Japan's equity market since the Corporate Governance Code. His passion for nature and personal growth shapes his distinctive investment philosophy.

53:44

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Episode guests

Howard Smith

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Episode notes

Intro

5min

Journey of Cultural and Professional Transformation

25min

The Vital Role of Japan in Semiconductor Production

3min

Navigating Investment Challenges: A Japanese Perspective

18min

A Journey Through Nature and Knowledge

2min

Influences Beyond the Conventional: A Personal Investment Journey

2min

On today’s Manager Meeting, David Huang interviews Howard Smith. David is an Associate Director at UTIMCO, the $66 billion investment company that manages the largest public endowment fund in the country. Howard is a Partner and Portfolio Manager of the Japan strategies at Indus Capital, an Asia-focused investment firm that manages $3.5 billion, including $1 billion focused on Japan. Indus was founded in 2000 by its Non-Executive Chairs, Sheldon Kasowitz and David Kowitz, upon spinning out of Soros Fund Management. David and Howard’s conversation covers Howard’s upbringing in the rural United Kingdom, experience in Japan, and investment philosophy. They discuss Indus’s investment approach, global team structure, corporate governance in Japan, and opportunities on the horizon. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

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