Single strategy focused on Asia


Founded in 2014 in Edinburgh


Cadence Investment Partners LLP is an independent investment management boutique focused on intrinsic value investing in Asia. We invest our own money alongside our clients with the goal of achieving attractive risk adjusted absolute returns over the medium to long term. We offer a differentiated and concentrated investment approach focused on businesses with a franchise that we believe can deliver and sustain high economic returns over the long term. As we are focused on absolute risk and return, our decisions are not influenced by benchmarks. We maintain a strong value discipline to ensure against the risk of over paying for quality.


Our investment approach is aligned with the way in which the partners manage their personal money, and accordingly we have significant personal investments in the strategy. When we invest personally, we are most concerned with avoiding any permanent loss of capital and achieving absolute returns. As well as dictating the investment approach, this will shape the development of the business. Our focus is on growing returns first, and assets under management second. The size of the business will be managed to ensure that investment returns are protected.


Jason McCay, ASIP

Jason has over 27 years of industry experience and was formerly a Director and Head of Asia at Martin Currie Investment Management where he built their Asian business into its largest product group before leaving in 2013. He conceived, developed and built the Martin Currie Asia Long term Unconstrained Strategy, Martin Currie’s first long-term intrinsic value based product. After extensive development, the product went live with its first segregated client in July 2008. At the time of his departure, Jason was running US$2.3b.

Richard Evans, CFA

Richard has over 23 years of investment experience. He started his career at Gartmore Investment Management and worked on the Asian team at Martin Currie from 2004 until 2011. He was co-manager alongside Jason on the Martin Currie Asia Long Term Unconstrained Strategy and played a major part in its development over that time. Richard Evans is a CFA® charterholder.

Stewart Higgins, ASIP

Stewart has over 30 years of industry experience, almost all at Martin Currie where he was head of the European team and a Director of Martin Currie Investment Management from 1987 until 2010. Stewart has a proven investment record in UK and European equities. He is experienced in managing and building investment teams and investment processes.

Thomas Larsen, CFA

Thomas has over 7 years of investment experience. Prior to joining Cadence in 2018, he worked at Martin Currie from 2010 to 2017, where he left as a portfolio manager on the Emerging Markets team. During his time at Martin Currie, Thomas also worked with Jason McCay and Richard Evans on the Asia team. He has an MA degree in International Business from Edinburgh University. Thomas Christian Larsen is a CFA® charterholder.

Brian Canavan, FCA

Brian has over 24 years of investment experience. He was Director of Global Accounting Research at Deutsche Bank where he worked from 1996 to 2005. Latterly he was Director of Accounting Research with the Asia-ex Japan team at Martin Currie from 2007 to 2014 and played a significant role in helping build the Asia Long Term Unconstrained Strategy. Brian qualified as a chartered accountant with Price Waterhouse Coopers in 1993.