Tue, Dec 6, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  3. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  4. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released

  5. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg