Sun, Jun 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Shanghai-based hedge fund crosses $50m assets

Tuesday, March 25, 2014

Komfie Manalo, Opalesque Asia:

CSV China Opportunities Fund, L.P. gained 3.2% in February (+2.4% YTD) with the fund’s holdings in the travel and technology sectors contributed the most to its positive performance, accounting for gross return contributions of +135 bps and +102 bps, respectively. Since its inception in January 2010, the fund has achieved a cumulative return of 68.0%, or 13.3% on an annualized basis.

The fund returned 14.7% in 2013 (after gaining 1.7% in December).

In its monthly report to investors, CSV said that as of February 28th, the fund's weighted harmonic average 'portfolio P/E’ of its long position was 11.6x on a trailing 12 month basis, with an implied weighted average annual dividend yield of 2.6%. Over the same period, various China equity indices generated cumulative returns ranging from -37% to +36%.

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.

CSV said in its monthly report, "Chinese stocks experienced a rebound in February 2014, as all indices achieved positive results for the month. The Halter USX Index’s performance was especially strong, boosted by the recovery of U.S.-listed China equities from a be......................

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. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to