Tue, Jun 19, 2018
A A A
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. North America - George Soros: 'Everything that could go wrong has gone wrong'[more]

    From Marketwatch.com: George Soros, tell us how you really feel. 'Everything that could go wrong has gone wrong. [Trump] is willing to destroy the world.' The 87-year-old billionaire clearly isn't shy about expressing his generally liberal views and distaste for Trump's "America First" platform,

  2. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  3. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  4. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  5. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv