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Precy Dumlao, Opalesque Asia – Asia ex-Japan hedge fund Greyhound Asia Fund, which is managed by Doug Barnett's Quest Management's Sergej Belozerov, posted positive gains of 6.9% in 2012 compared with the MSCI Asia ex-Japan Index which gained 19.4% last year.
In a letter, Barnett said Greyhound achieved positive performance last year while holding mostly cash during the critical European uncertainties during the late spring, protecting shareholder capital. He added that 2012 was a very challenging year for the markets because of uncertainties from the U.S., EU and China.
Since the beginning of the fund’s track record in August 2010, Greyhound is now up 27.4% while the MSCI Asia ex-Japan Index is up 12.0% and the average Asian hedge fund (Eurekahedge Asian Index) is up 10.2%. The Eurekahedge Asian Index, posted 9.69% gains last year while the HFRX Asia ex-Japan Index gained 6.22% during the same period.
"Similar to our flagship Thai Focused Equity Fund, which made over 4,375% or 18.2% IRR in 23 years, the Greyhound Asia Fund runs a concentrated portfolio with a fundamentally driven, bottom up investment approach," Barnett said.
He added that the fund believes that the markets have passed the critical period of uncertainty in the US, Europe and China. ...................... To view our full article Click here
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