About Gavekal Capital

Gavekal Capital identified the Knowledge Effect and created the first investment methodology to capture the excess returns of highly innovative companies. Gavekal Capital is creator and designer of the Gavekal Knowledge Leaders Strategy, indexes and investment products.

Investment Team

Steven Vannelli, CFA
Managing Director & CIO


Jennifer Thomson
Portfolio Manager, Europe

Eric Bush, CFA
Portfolio Manager, North America


Bryce Coward, CFA
Portfolio Manager, Asia

Marketing Team

Shawn Paulk
Head of Distribution

Alexandria Adamchak
Director of Advisor Sales

Jordan Weber
Marketing Specialist


Operations Team

Jill Rakowski
COO & Compliance Officer

Jessica Kardos
Trader & Operations Manager


August 10, 2015

Is There a Relationship Between Innovation and Stock Price? An interview with Steve Vannelli on the Killer Innovations Radio Show

May 11, 2015

Kurzweil Accelerating Intelligence: The Knowledge Effect – Excess Returns of Highly Innovative Companies

 September 17, 2014

Gavekal Capital Unveils New Innovation Indexes

 August 14, 2014

WSJ names Gavekal Capital in “50 Financial Twitter Feeds You Must Follow”



The information presented here is for informational purposes only and should not be construed as an offer to sell, or the solicitation of an offer to buy securities. Some investments are not suitable for all investors and there can be no assurance that any investment strategy will be successful. Any links  included will provide direct access to other internet resources, including websites. While we believe these links are to reliable sources, Gavekal has no control over the accuracy or content of information on these sites. The entirety of the commentary is included in the linked sites referenced above.

Firm History


Gavekal Capital, LLC launches two strategic beta ETFs based on the Gavekal Knowledge Leaders Strategy.


Gavekal Capital, LLC introduces Gavekal Knowledge Leaders Indexes, the first family of indexes designed to track the world’s leading innovators.


Gavekal Capital, LLC launches Gavekal Platform Company Fund, a US mutual fund (GAVAX, GAVIX), now Gavekal Knowledge Leaders Fund.


Gavekal Capital, LLC launches Gavekal Platform Company UCITS Fund (Bloomberg: GAVPLAT), now Gavekal Knowledge Leaders UCITS Fund.


Gavekal Capital, LLC a U.S. registered investment advisor, opens office in Denver, Colorado.


Gavekal Research publishes Our Brave New World, a book identifying “platform companies,” an emerging model of 21st century companies successfully employing intellectual property for future growth.


Gavekal Research opens headquarters in Hong Kong, also launching Gavekal Capital, Ltd., a money management firm.


Gavekal Research founded in London and specializing in global economic and asset allocation research.


Gavekal Capital is the US money management affiliate of Gavekal Research Ltd., a leading Hong Kong-based independent research boutique. Gavekal Research offers institutional investors insights on global economic events, financial markets and asset allocation. Gavekal’s publications offer investors an efficient way to stay on the path of challenging ideas and new concepts necessary in the ever-evolving investment environment. Gavekal-Dragonomics is a Beijing-based research firm specializing in China’s economy and its influence on Asia and the world. Gavekal has headquarters in Hong Kong and offices in Beijing, Denver and Stockholm. Visit Gavekal Research