Mon, May 30, 2016
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. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit