Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

APS Japan Alpha Fund outperforms in Q4 2015 with 10.56% gains

Monday, February 01, 2016

Komfie Manalo, Opalesque Asia:

Singapore-based fund management firm APS Asset Management saw its APS Japan Alpha Fund gain +10.56% (gross) in 4Q 2015, outperforming the benchmark by 3.05 percentage points. TOPIX Net Index’s returned 7.51% during the same period.

During 2015, the fund gained +9.69% (gross), outperforming the benchmark by +1.78 percentage points.

In its monthly report to investors, APS said that the Japanese stock market continued to climb in local currency terms during the quarter, supported by stronger-than-expected U.S. employment data and the corporate earnings results for the July-September quarter, which nearly met market consensus despite the Chinese economic slowdown.

APS commented, "The fund’s outperformance in the October-December quarter was a result of bottom-up stock picking. During the period, the APS Japan Alpha Fund happened to be tilted toward mid-caps due to APS’ fundamental research, unconventional idea generation and strict valuation work. The portfolio’s mid-cap names include Stella Chemifa (3.21% weighting at end-December), Santen Pharmaceutical (3.65%) and DISCO (4.21%), which were top contributors in the quarter."

In the last quarter of 2015, APS said the firm researched auto parts makers, software companies related to ADAS (advanced driver assistance systems), cloud computing services and cloud security services. "As a result, we maintained our position in Internet I......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1