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Bailey McCann, Opalesque New York for New Managers: As the battle between China and South Korea over economic and geopolitical issues continues to heat up, tourist travel to both countries is starting to slide, taking a bit of consumer discretionary momentum down with it. Washington-based hedge fund Blackcrane Capital is bullish on what it calls the 'hate trade' and is investing in Asian companies outside of China and South Korea, that are poised to pick up new tourist and consumer dollars.
In an interview with Opalesque, Blackcrane CEO/CIO Daniel Kim highlighted opportunities in companies like Japan's Pigeon, a manufacturer of child care and nursing products. Kim says the company has a significant competitive advantage relative to its regional peers and could gain market share. Kim is also long Macau's Galaxy Entertainment, a hospitality and gaming company positioned to capture market share in the rebounding Chinese gambling market.
Blackcrane is on the hunt for companies like Pigeon and Galaxy Entertainment in developed markets all over the world. The firm's flagship strategy - Blackcrane Overseas Alpha, targets companies that may otherwise be overlooked by the market. Using an all-cap approach, Kim looks for companies with a lot of analyst coverage that may be overly discounted.
"We believe some of the best companies to invest in may not generate consistent...................... To view our full article Click here
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