Mon, Dec 22, 2014
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 - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und