Mon, Mar 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

CSV China long/short equity fund returns 64% in four years, sees future opportunities in A-share markets

Monday, January 27, 2014

amb
Mr. Earl Yen
Benedicte Gravrand, Opalesque Geneva:

The CSV China Opportunities Fund, L.P. a long/short equity fund solely focused on China, has just completed its fourth year with a return of 14.7% in 2013 (after returning 1.7% in December), annualizing 13% and gaining a cumulative return of 64% since its January 2010 inception, thus outperforming all relevant benchmarks.

Comparatively, the Hang Seng China Enterprises returned -5.4% in 2013 and a cumulative -15% over the last four years; the MSCI China was up 0.4% last year and down 2.5% in the last four years; and the Eurekahedge China Long/Short Equity Index was up 17.7% in 2013 and up 22% for the last four years.

The hedge fund, which is managed by Shanghai-based CSV Capital Partners, has $51.6m in assets under management and is domiciled in Delaware. Mr. Earl Yen is the founder and managing director of the firm.

It seeks to invest in companies that are reasonably valued and that have more than one and preferably all of these characteristics: (1) Significant barriers to entry; (2) Recurring revenue; (3) Pricing power and high margins; (4) High returns on equity and assets; and (5) Revenue growth. The investment managers conduct their own thorough, private equity-style fundamental research, in all sectors.

In December 2013, the Fund’s holdings in the Internet and education sectors contributed the most to its positive performance and its industrial and real estate......................

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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie