Category: VideoCast Weekly Recap

SPECIAL EPISODE: Hedge Fund Tips with Tom Hayes – VideoCast – Episode 142

Article referenced in VideoCast above:

The Billionaire Investors You Have Never Heard Of…

I enjoyed talking with with Philip Vassiliou – Partner and Chief Investment Officer of Billionaire Christopher Chandler’s Legatum.  Philip is in charge of all investment activities for the firm.

Before joining Christopher Chandler at Legatum in 2006, Philip worked with both Christopher and his brother Richard Chandler at Sovereign Global Holdings.  For those of you who don’t know the story – as the last time they did any press was an Institutional Investor article in 2006 – here’s the punchline:

“In two decades Richard and Christopher Chandler’s bold bets transformed a $10 million family fortune into a cool $5 billion.”

To put this in context:

Chandler Brothers (Richard and Christopher) turned $10M into $5B in 20 years (36% CAGR).  This compares with Warren Buffett (19% over 50yrs), Seth Klarman (20% over 34yrs), Peter Lynch (29% over 13yrs), George Soros and Stan Druckenmiller both around (30% over 30yrs).  Read the full detail of their Sovereign investments here: (macro ops)

Investment Highlights:

-Mosenergo – 383% in 4 years

-Unified Energy Systems – 430% in 4 years

-UFJ Holdings – 156% in 2 years

-SK Corp. – 433% in 2 years

-Mizuho Financial Group – 353% first 3 years.

If you cannot relate to starting with $10M, these returns are also equivalent to starting with $100K and turning it into $50M over 2 decades – 500x.  This is also equivalent to turning $1M into $500M.

To fully understand their investment philosophy, process and what they are focused on today, you will want to tune in to this first ever look “under the hood” in over 16 years…