Wed, Feb 21, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

APS Greater China Alpha Fund down -5.7% in May (-6.3% YTD) on slowdown of China’s economic growth

Wednesday, June 15, 2011

From Precy Dumlao, Opalesque Asia:

China’s economic boom is slowing down indeed. This was reflected in the significant decline in China-focused hedge funds in May particularly the APS Greater China Alpha Fund, which was down -5.7% (-6.3% YTD) on investors’ concerns over the slowdown in economic growth amidst ongoing monetary tightening.

In its monthly report to investors Singapore-based fund management firm APS Asset Management Pte Ltd, which manages the fund, said it expected its position to pick up in the near term with the improving drought situation in China. But the managers expressed caution as the Hong Kong Monetary Authority warned of the possible withdrawal of hot money from the market.

The fund is one of APS’ five funds and it is domiciled in Dublin, Ireland.

China-focused funds generated strong inflows throughout 2010 with an estimated $3.5bn inflows or a rise of 25%, despite mediocre performance that year, said data provider HedgeFund.net.

But investors and hedge funds are losing faith in the China boom and instead are focusing on the dollar while maintaining their bullish outlook on oil, according to a recent study by Société Générale .

Finance and hedge funds managers who attended th......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  2. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  3. Institutional Investors - Hedge funds regain their appeal for a $57 billion asset manager, Private credit strategies in stratosphere[more]

    Hedge funds regain their appeal for a $57 billion asset manager From Bloomberg.com: With volatility back on the radar, one of the Nordic region's biggest asset managers is considering relying a bit more on hedge funds to help oversee his portfolio. Mikko Mursula, the chief investment off

  4. Investing - All aboard for hedge funds as trade tide lifts shipping, Hedge funds pile into Time Warner in bet on merger success[more]

    All aboard for hedge funds as trade tide lifts shipping From Reuters.com: Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are tran

  5. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac