Public Markets
Hinterland runs concentrated, thesis-driven positions in listed Asian markets, with a long horizon and an emphasis on capital structure, governance, and durable cash flows.
Our core activity spans
Singapore equities and REITs
SGX-listed companies and trusts where we believe management, balance sheet, and operating model align with long-term shareholder value. We pay close attention to the sustainability of dividends, the quality of earnings, and the structural position of the business.
Chinese A-shares
Selective exposure to themes we believe are under-appreciated by global investors, including power-grid infrastructure, electrification, and the data-centre build-out.
Macro overlays
Currency, rates, and geopolitical themes — including de-dollarisation, USD weakness, and the implications for SGD-denominated investors holding USD-denominated REITs — are integrated into how we size and time positions.
We avoid two failure modes that we see frequently: chasing yield without scrutinising its source, and trading sentiment we mistake for thesis. Patience and discipline beat activity.
