Wed, Oct 18, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Topni’s Asia Pacific long/short equity fund returns 15% in first three years, bets on small and mid cap stocks inefficiencies

Tuesday, January 28, 2014

amb
Benedicte Gravrand, Opalesque Geneva for New Managers:

The Topni Pacific Century Fund, L.P. is a fundamental long/short equity hedge fund managed by Ms. Jiyoung Kim in the firm that she founded in 2010, Topni Capital, in New York. A biochemistry graduate born in South Korea, Ms. Kim started investing in the global technology sector in the late 90s and transitioned to Asian equities a decade later. She worked at PIMCO, JK Capital and Royce Funds.

The fund was up 3.74% in December and 22.35% for the year. Incepted in late November 2010, the fund has returned 30% gross and 15.33% net since then, compared to 7% for the Morgan Stanley Asia-Pacific Index (MXAP) and 5% for the Morgan Stanley Asia-Pacific Small/Mid Cap Index.

It invests primarily in companies domiciled in China, Hong Kong, Japan, Taiwan, Singapore and South Korea (and at times in other Asia Pacific countries and Australasia) - and prefers small/mid-cap stocks in high value-add segments of the market (healthcare, technology, industrial, financial and consumer products and services). Kim places the fund’s positions into four boxes to grade their level of confidence.

"The fund is really about investing in the emerging high value-added industries in Asia," Ms. Kim explains to Opalesque. "Asian investment strategies in the past were largely large cap, commodities, maybe telecom, utilities driven strategies. What we do is fe......................

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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad