Ivan Lee & team Nomura

In the No. 2 spot for a third straight year is Nomura’s five-member team under Hong Kong–based Ivan Lee, who “is familiar with all the key players and provides good information on fundamentals and long-term market trends,” proclaims one buy-side advocate. An important investment theme in the power industry is the Chinese government’s public policy goals for sustainable real gross domestic product growth of 7.5 percent per year coupled with a 16 to 17 percent reduction in carbon-dioxide emissions by 2015, Lee reports. Beneficiaries of reform efforts and higher tariffs on CO2 generators include China Longyuan Power Group, the largest wind-power generator in Asia, and China Power International Development, a major hydroelectric energy producer. The analysts are bullish on both stocks. — Paul Sweeney