Thu, Mar 23, 2017
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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He