Thu, Feb 11, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers February 2014

FUND PROFILES: Topni Capital, Nafora, Martek Partners

Topni's Asia Pacific long/short equity fund returns 15% in first three years, bets on small and mid cap stocks inefficiencies Jiyoung Kim

Benedicte Gravrand, Opalesque Geneva

The Topni Pacific Century Fund, L.P. is a fundamental long/short equity hedge fund managed by Ms. Jiyoung Kim in the firm that she founded in 2010, Topni Capital, in New York. A biochemistry graduate born in South Korea, Ms. Kim started investing in the global technology sector in the late 90s and transitioned to Asian equities a decade later. She worked at PIMCO, JK Capital and Royce Funds.

The fund was up 3.74% in December and 22.35% for the year. Incepted in late November 2010, the fund has returned 30% gross and 15.33% net since then, compared to 7% for the Morgan Stanley Asia-Pacific Index (MXAP) and 5% for the Morgan Stanley Asia-Pacific Small/Mid Cap Index.

It invests primarily in companies domiciled in China, Hong Kong, Japan, Taiwan, Singapore and South Korea (and at times in other Asia Pacific countries and Australasia) - and prefers small/mid-cap stocks in high value-add segments of the market (healthcare, technology, industrial, financial and consumer products and services). Kim places the fund's positions into four boxes to grade their level of confidence.

"The fund is really about investing in the emerging high value-added industries in Asia," Ms. Kim explains to Opalesque. "Asian investment strategies in the past were largely large cap, commodities, maybe telecom, utilities driven strategies. What we do is ferret out more of the high value-added industries that have been new in Asia in the last ten years or so, with the emergence of the middle class, the level of education and innovation.

"Because these industries are r......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Opalesque Exclusive: Directors want to be considered trusted partners by new manager[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A hedge fund director provides her perspective on emerging hedge fund managers. She will happily work with those who have set themselves up for future growth, s