Thu, Jan 18, 2018
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. Legal - Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says, Hedge fund blasts defense of Puerto Rico restructuring law[more]

    Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says From CNBC.com: A former hedge fund executive faces federal charges for defrauding a UK-based charity over investments in Africa, according to a grand jury indictment made public Wednesday.

  2. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  3. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  4. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  5. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager