Fri, Jan 17, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

OPIM to launch Button Growth Fund

Monday, September 02, 2019

B. G., Opalesque Geneva for New Managers:

OP Investment Management (OPIM), Asia's leading emerging hedge fund platform, is partnering with Hong Kong-based Button Investment Management to launch Button Growth Fund, a long/short equity hedge fund that primarily invests in U.S., Hong Kong, and mainland China markets. The Fund is managed by Mr. Yunye Lu, who draws his approach from his poker playing and risk management experience.

Before launching the Fund, Mr. Lu was a portfolio manager at HJY Capital Advisors, where he managed a long/short equity fund for three years. He began his career at Daiwa Capital as an equity analyst. Before transitioning to asset management, he was a software engineer.

Mr. Lu was also a professional poker player from 2012 to 2016, participating in cash games and tournaments around Asia; he got to second place in one of the leading regional competitions.

Fund strategy: a choice of risk

The Fund is Cayman-domiciled and for professional investors only. Applying a fundamental bottom-up approach, the portfolio will target cyclical and strategically sound companies which exhibit economic moat. It will also short stocks that are overvalued or show deteriorated upward momentum.

"While we maintain a dynamic approach to portfoli......................

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. Other Voices: PFIC: what U.S. investment funds should be particularly aware of and newly proposed regulations[more]

    By: Kris Hatch, Idan Netser, Fenwick & West LLP U.S.-based venture capital and other funds that invest in foreign companies must be careful to avoid the passive foreign investment company (PFIC) rules, which could substantially increase the tax owed on exit for U.S. taxpaying investors. U.S. per

  2. Renaissance employees could face clawbacks over hedge fund's tax maneuver[more]

    Jim Simons's Renaissance Technologies LLC has produced the greatest investment returns of any hedge fund. Now, it also may be facing an unusually painful tax headache. Last week, Renaissance sent a letter to its current and former employees warning that the Internal Revenue Service could force them

  3. D.E. Shaw's Orienteer strategy posts double-digit returns this year, EcoR1 puts up big gains as the hedge fund scoops up biotech, Ex-hedge fund BlueCrest extends winning run with 50% gain[more]

    D.E. Shaw's Orienteer strategy posts double-digit returns this year From Reuters: D.E. Shaw's Orienteer platform, the backbone of the $50 billion investment firm's multi-asset class offerings, posted high double-digit returns this year, the best ever in its six year lifetime. The Orie

  4. PE/VC: Private equity takes a breather from investing in banks, 2019's 10 defining moments in venture capital, Another record year for PE secondaries amid more GP-led transactions, How 2019 became the best year in private equity's history[more]

    Private equity takes a breather from investing in banks From American Banker: FirstCapital Bancshares of Texas has aspirations of going public in the next couple of years and it's counting on the resources and expertise of private-equity backer Castle Creek Capital to help it realize that

  5. BlackRock's flagship hedge fund Obsidian returns more than 13% in 2019 after stumbling in August, Eiad Asbahi's Prescience Point gained more than 100% last year, Ray Dalio's most prominent fund suffers first annual loss since 2000, Sundheim's D1 posts strong gains[more]

    BlackRock's flagship hedge fund Obsidian returns more than 13% in 2019 after stumbling in August From Business Insider: BlackRock's 23-year-old Obsidian hedge fund bested the average hedge fund, returning more than 13% in 2019 even after losing money in August. The fund, manage