Tue, Oct 25, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

APS Greater China Fund closes 2013 up 4.54% despite challenging Q4

Monday, January 13, 2014

Komfie Manalo, Opalesque Asia:

Singapore-headquartered fund manager APS Asset Management said that its Greater China Long/Short Fund ended 2013 up 4.54% despite poor showing in the fourth quarter.

The fund generated a return of -0.87% net during the fourth quarter of 2013. "Our short position in the leisure sector underperformed in 4Q13 as the market turned more bullish on the sector after seeing strong industry growth in the quarter. However, the company continued to underperform peers due to capacity constraints. Its share price went up on P/E expansion instead of strong earnings growth," lead portfolio manager James Liu explains.

The APS Greater China Long/Short Fund invests in the China A-Share market and shares of companies established or operating in the People’s Republic of China that are listed on exchanges in Taiwan, Hong Kong and Singapore. It opportunistically shorts positions to hedge exposure to the mainland China stock markets. This open-ended fund was incepted in March 2007, runs $33.5m, and is domiciled in the Caymans. The NAV of its Class A is at $182.52.

Liu seems bullish about this year. He cites the policy changes introduced by the Chinese government in the fourth quarter of 2013 and says these changes signalled the resolve of President Xi Jinping and Premier Li Keqiang to restructure the economy towards a more market-oriented direction.

"The third plenum meeting of the Chinese Communi......................

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 - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From Thisismoney.co.uk: The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From CNBC.com: Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Marketwatch.com: Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Forbes.com: Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa