What we do

We have two areas of focus:

(i) Investment management business building strategy, advice and execution;

(ii) as a global financial expert witness to the Law Courts in Hong Kong, Singapore, Australia, the UK and the U.S.

Both sides are self-reinforcing – the investment side makes us current in the industry so that we can provide leading-edge expert evidence to the Courts; and the expert side keeps our technical and analytical skills fresh.

Richard Harris and his network of specialised expers have many decades of investment business building experience in Asia. Learn more…

Who we are

Port Shelter is a consulting investment management firm established in 2008 by Richard Harris.

Richard himself has nearly 40 years of experience and one of the few independent financial expert witnesses in the region.

Our strategy is unique in… Learn more

Investment Manager

Pioneered investment management (and business building) all over Asia and Europe from 1984. Managed billion US dollar multi-asset long, derivative, hedge, and mutual funds; for sovereign, endowment, institutional, pension, private and retail clients.

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Built investment businesses all over the Asia Pacific and Europe. Designed strategy, built and exited businesses and can execute a business plan – for you.

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Asset allocation specialist with strong track record of public calls on the market. Established sophisticated fund selection system for portfolio construction.

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Sought after speaker on market strategy, financial industry developments, and behavioural finance. Conference Chairman and discussion moderator.

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Original thinking on markets and issues; see my weekly market strategy column on financial market strategy in South China Morning Post. Presenter of Radio Hong Kong’s prime time business show; 8am HKT on RTHK Radio 3. Online, podcast ,and 567 MW. Frequent commentator on Bloomberg and CNBC; and CNA, CNN, Al Jazeera, Bloomberg India and NDTV India.

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Behavioural Finance specialist, lectured all over Asia-Pacific on the impact of emotion on market pricing. Chartered Financial Analyst Institute key speaker.

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Expert Witness

Some tips on needing, appointing and how to use an independent financial expert witness.

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Our methodology for analysing and providing expert evidence in financial cases. Product research, calculation of quantum and valuation.

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Regularly appointed on insider trading, market manipulation, misappropriation, unauthorised trading, disclosure of price sensitive information cases (etc.) cases. We are appointed by both plaintiffs, defendants, as a single witness, or as a court witness.

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Experience as fund manager, stockbroker, banker, and business entrepreneur delivers a unique appreciation of mixed discipline disputes. Acted for plaintiffs, complainants and defendants on trading, mis-selling, misappropriation, and many other disputes.

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Analysis of civil financial disputes of all kinds. e.g. family disputes or where tight regulation pits employee against employer. I’m appointed by both sides on different cases.

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Disputes regularly concern highly complex financial structures, often using derivative-based products that are analysed and synthesised. A quantum of damages (or a range) may follow the original analysis. We analyse complexity but report simply.

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“He is well versed in financial markets and regulation and a strong presenter and communicator of complex issues.”

Simon Potter, CEO BoxRED BSP

“Richard has excellent insights into the markets and future trends. A true expert in his field.”

Steven Freeland, Professor of International Law, Western Sydney University

“(Richard has a) discerning eye for other people’s gifts and talents… and in empowering them to perform at the highest level”

Nicholas Appel, Principal, Global Metal Sources

“He is a dynamic leader and business builder; held in high regard by his peers.”

Mark Mullan, Principal Origin8, San Francisco

“He is authoritative, articulate – and has a nice turn of phrase!”

Bryan Curis, ex Head RTHK English; Bloomberg Radio Asia

“A man of great integrity with a wide network of contacts in Asia.”

Chris Rollason, MD Stratagem Associates, Asia

“The Expert evidence came from Mr Richard Harris, who was both expert and independent”

Mr Justic Coomaraswamy – Suit 322 of 2013 Singapore High Court. Public Document

“Richard is one of the most extensively experienced executives in asset and wealth management in Asia”

Danny Howell, Managing Director, Head of Offshore Wealth

Writings / Broadcastings

Where inequality lives

The coronavirus is exposing the divisions in our city and showing up how little the government has done to address the problem.  In the SCMP: Coronavirus has pulled the Gini out of the bottle One of the most disturbing events this week was the late diagnosis of a...

Donald Trump emerges as the Buckpasser-in-Chief.

We can be sure that Donald Trump’s Presidential desk will not be carrying the sign, "the buck stops here’’ in the SCMP:     Investors own their mistakes     “The buck stops here” was a sign on President Harry Truman’s desk indicating that whatever blame there was...

Judgement Year for China

After effectively ten years of downgrading economic growth downgrades - when are we going to see a recovery? published in the SCMP:        20170106 The year of judgment, 6 Jan, 2017     You can promise so much for only so long. Chinese economic growth has...

Shenzhen Hong Kong Stock Connect is here!

Latest news from my friends at East Capital - China Environmental Fund. The through train has arrived. Shenzhen-HK Stock Connect is here!  

There’s Life in China markets – Bloomberg TV, 16 Aug 16

Bloomberg 16 Aug 16 Richard Harris, chief executive officer at Port Shelter Investment Management, discusses the Chinese markets, emerging market bonds and why he's avoiding the bond market. He speaks to Bloomberg's Yvonne Man on "Asia Edge." (Source: Bloomberg)...

Fed is like a second-rate hedge fund manager

CNBC 9 August 2016 The Fed, which will likely hike rates once this year, is focusing too much on being data-dependent,says Port Shelter Investment Management's Richard Harris.   Fed governors are out of control

Where have all the young men gone – Hong Kong men do a disappearing act

Published in the South China Morning Post, Most Read Disappearing act, 22 July, 2016   It is a truth universally acknowledged that a single Hong Kong woman in possession of a good fortune does not need a man. Apologies to Jane Austen, but why should she, when has...

Sixty Glorious Years – Learning About Business From HK

The best decade for Hong Kong was the 1980's. In the SCMP: The Winning Formula for HK This is my Fire Monkey year. In the next week, I hit sixty. What has HK has taught me about business in the last six decades? Hong Kong started as a byword for product and service -...

Brexit might not happen

  There's a possibility that the U.K. parliament might vote against leaving the EU, explains Port Shelter Investment Management's Richard Harris. CNBC Asia interview 4 July 2016.   Watch here:    Brexit might not happen

After the Breakup, the Reconciliation

Cry my Beloved Country published in the South China Morning Post:   After the break-up.   Vote Leave narrowly won the Brexit referendum and “regained control over the economy”. Control over the stock markets (which have crashed), control over the Gilt markets (UK...

Brexit – the game is not over…

Richard Harris, Port Shelter Investment Management's chief executive officer, discusses the fallout from the Brexit vote with Bloomberg's Yvonne Man on "Daybreak Asia." (Source: Bloomberg)...

Why can’t I get a Bank Account?

Travails of banking published in SCMP:  Travails of banking One of the rites of adulthood is opening a bank account – mine was in 1974 when I went to HSBC and said, “I’d like to open a bank account please”. “With whom?” “Whoever has lots of money!”   Opening a bank...

Brexit vote brings ill wind

The World after the Referendum published in the SCMP:   HK to take hit as Brexit vote brings ill wind of change Fools rush in where angels fear to tread - and so do I. The Brexit issue is generating far more heat than light and most of the debate has been based on...

All lies and emotion

Breaking up is so hard to do In the SCMP: Brexit all lies and emotion  By some accident of history, I find myself able to vote in the U.K. Brexit referendum. I am ambivalent. Do I stay or do I go? I want facts; but every source of information in our digital world is...

Safe havens hard to find…

Boom or bust, correlated global markets move together. published in South China Morning Post:    20160602 Investment safe havens hard to find in an interconnected world, 2 June, 2016   It was the dead of night in the heart of China, in the core of the capital...

Steel Storm. Steely Trading

China is widely blamed for the massive lay-offs in the industry worldwide and its competitors are imposing heavy dumping duties on its products.  How China handles that positioning will influence how protectionist the world becomes. published in the South China...

HK Has Lost Its Cool

Competition barely exists in Hong Kong. The city has lost its edge by pandering to modernism and depending too much on mainland customers. In the SCMP: Hong Kong has lost its cool...  The main game is blame in Hong Kong these days. It is always someone else's fault....

Chair Yellen or Cher Janet. Life after interest rate rises

The markets are stressing about the fall in the oil price – who would have expected Brent at $37 even a year ago? But they are totally missing the most important commodity of all, and whose price has collapsed spectacularly.   The price of money has been almost...

The Economic Cost Of Traffic. Clogged Up Thinking.

Our city is becoming harder and harder to get around. There are solutions to the problem, but it needs the political will to find them. In the SCMP: Clogged-up thinking is not helping to solve traffic crisis  A free parking space in Statue Square for my parent’s...

Talking Turkey – the Year in Review, with a special guest…

Lunch with the Post – Santa’s views on 2016. On the naughty list: Janet Yellen for delaying rate rises and making us fret. On the nice list: the Greeks for bailing out... My lunch guest arrived at Noel’s Brasserie in Holly Wood Road, on a silent Varoufakis electric...

Vital Signs. Flatlining World Economies – need Intensive Care

Relationship between growth and interest rates breaks down once rates fall below 2 per cent, and policymakers don’t have the cure published in South China Morning Post.  Flatlining vital signs are not good, download Doctors carry out triage on patients by checking the...

The ABC’s of Free Trade. The Treaties that Tie.

From the ‘Belt and Road’, to TPP, AIIB, and numerous others – an alphabet soup of geopolitical initiatives have kept Asian leaders busy travelling. The geopolitical initiative is having more comebacks than Frank Sinatra.   First up is “the Belt and Road” – of which...

Markets Are Mostly Smooth – Until The Plunge

The real money is won or lost during brief periods of volatility but predicting the fault lines is not easy. Breaks in the Pattern are the vital signs for the markets. In the SCMP:  Markets are mostly a smooth ride...  Markets can be a little like the early days of...

Markets that Never Sleep. Global connectivity.

Round-the-clock trading on a few big exchanges is inevitable – and Hong Kong could be a hub. in the SCMP : Markets that never sleep, download. The last month saw a surge of buying on our stock markets. The Shanghai Composite Index is creeping towards what the market...

Global debt is a problem we can no longer ignore

published in South China Morning Post ,4th November 2015 Global debt is a problem we can no longer ignore    We have managed to get through the shark tank of the month of October this year with nary a scratch – a month that often sees Black days, as the markets sell...

Case Studies

Penetrating the London Fog

Global model portfolios for global people Background: An Investment Manager had a billion dollar book of private clients who were located offshore and administered through the Channel Islands back office. Situation: The clients located all around the world had come to...

Swedish Stockbroker Selling Scandinavian Shares

Opening a pan-European broker for a Swedish Bank in Asia Background: A Scandinavian stockbroker had operated a small office in Tokyo for a couple of years in the 1980’s.  When the managing director left the company, management decided to make a much bigger investment...

An Indian Korma

Feeding an Indian adviser with regulated investment management product. Background: A bank wished to develop its investment advisory business in India (Mumbai, Delhi and Chennai) from scratch using their specialist global brand name. Situation: There were a growing...

The Jersey Boys

Created, built and sold on – an early stage private equity fund in Europe Background: A market niche was identified whereby many small start-ups in the UK were unable to acquire funding for development capital. Situation: We developed a fund structure that took...

Managing the Managers

Establishing a global portfolio business from 800 misunderstood funds Background: A major global private bank had 800 funds on its platform, all approved for sale, that remained unsold because there was nobody who could extract the true worth from such a vast array of...

A case of mis-selling

Background: The client had been involved in a mis-selling case with a large bank. Situation: The client’s portfolio made substantial losses, despite her being given the impression that her account was protected from substantial losses. Action: A detailed report was...

Road to Recovery

An exercise in turn-around management in Hong Kong Background: Largest fund management firm in Hong Kong at the time discovered that the managing director had undertaken certain activities, which had led to heavy losses for clients. Situation: The company took...

Lost in Korea

Constructing a complete investment management advisor from a ‘lost’ sales team
Background: Major global private bank wanted to establish a presence in Korea. management had hired a team of private bankers but had not had time to develop the investment platform. Situation: Only some of the many investment activities …read more

The Complete Package

Establishing an independent multi-asset fund manager
Background: Family Office in Hong Kong wanted to establish their investment operations independently to a high level of fiduciary responsibility so as to be able to accept money to manage from third party clients …read more

Markets