Sun, Dec 4, 2016
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. 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. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. 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

  4. 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

  5. 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