SECOND TEAM

Ivan Lee Nomura

Claiming the No. 2 spot for a second consecutive year is Nomura’s Ivan Lee, who is “always the first mover on market shifts,” as one client puts it. Lee garners plaudits for his November downgrade of China Gas Holdings from neutral to sell, at HK$4.44, primarily on its lagging liquefied-petroleum-gas business. The Hong Kong–based fuel provider’s shares tumbled to HK$3.04, a loss of 31.5 percent that trailed the sector by 26.7 percentage points, through April. “He has the best network of industry sources and invariably provides unique, value-added information,” cheers another enthusiast.