Douglas Barnett
LP
Mr. Barnett has 27 years of experience in the investment banking and fund management business, specializing in the Thai stock market for the past 23 years.
Quest initially managed money for Julian Robertson’s Tiger Management and George Soros’ Quantum Fund, as well as separate managed accounts for a number of High Net Worth individuals. In October 1997, after neatly side-stepping the Thai currency devaluation and stock market meltdown (up 2.6% while the market lost 76%), Quest rolled all of its managed accounts into a single offshore hedge fund, the Thai Focused Equity Fund.
Since Mr. Barnett began in April 1990, he has returned about 5,191% to investors versus a gain of about 59% for the Thailand SET. This amounts to an 18.9% compound IRR to investors over the last 22.8 years, versus only 14.6% for investors in Warren Buffett's Berkshire Hathaway.
This might seem like a small difference, but over 22.8 years, a $1,000 investment in Berkshire Hathaway is now worth $19,689. The same $1,000 invested with us is now worth $51,909, more than twice as much.
Before developing his expertise in the Thai stock market, Mr. Barnett worked in Los Angeles for three years as an Associate for Morgan Stanley, where he refined his fundamental approach to valuation and trading of equities.
Mr. Barnett’s engineering background has been a strong complement to his financial expertise. He earned a Bachelor’s and a Master’s degree in Mechanical Engineering, both from Princeton University. Before graduating at the top of his class in 1987 from UCLA’s Anderson Graduate School of Management, he worked for five years as a project engineer for Chevron Corporation, where his recommendations for improved piping and instrumentation designs won high praise and
recognition from management. He uses his understanding of manufacturing processes and finance to improve efficiency and profitability at QMI portfolio companies.