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Tim Clissold | |
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Education | Yarm Grammar School [1] |
Alma mater | Jesus College, Cambridge (1982, Physics and Theoretical Physics) [2] |
Tim Clissold (Chinese name: 祈立天) is a Western writer on business in China. He is the author of a memoir detailing how he helped the Wall Street trader Jack Perkowski to invest, lose and recover over $400 million in mainland China as the country first opened up to foreign direct investment. [3] His book detailed the numerous ways the fund lost money and the steps it took to recover it. [4] [5] Clissold was president of the foreign-invested ASIMCO Technologies before parting company from Perkowski, who claims never to have read the book that gave him the nickname Mr. China. Time Magazine described Mr China as 'an instant classic.' [3] [6]
Clissold has since written two more books, Chinese Rules and Cloud Chamber. The Financial Times Shanghai correspondent wrote of Chinese Rules: 'Read Tim Clissold, the British businessman whose book Mr China is probably the best I've ever come across about China. Now he has written another: it's about what makes China tick - for foreigners who can clearly hear it ticking but can't quite figure out why.'
Clissold is a Senior Research Associate at the Cambridge University China Forum at Jesus College, Cambridge [7] and non-executive director of London Stock Exchange quoted investment trusts, Henderson Far East Income and Baillie Gifford China Growth.
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations".
An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Types of investments include equity, debt, securities, real estate, infrastructure, currency, commodity, token, derivatives such as put and call options, futures, forwards, etc. This definition makes no distinction between the investors in the primary and secondary markets. That is, someone who provides a business with capital and someone who buys a stock are both investors. An investor who owns stock is a shareholder.
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Jack Perkowski is a Wall Street veteran, author, and the founder and Managing Partner of JFP Holdings, Ltd. He is also the former CEO and Chairman of the Board of ASIMCO Technologies, an automotive components company in China. He was one of the main characters in the Tim Clissold book, Mr. China, which detailed how the private equity fund he ran invested over US$400 million into China as the country first opened up to foreign direct investment. The book chronicled the numerous ways the fund lost money. In the end, the fund lost almost all of its money.
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