Mon, Nov 30, 2015
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November