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From Benedicte Gravrand, Geneva: The Blackhorse Emerging Enterprises Fund (BEEF) won the award for the best Asian Long-only Absolute Return fund at last May’s 4th Annual Masters of Hedge Awards in Singapore. Opalesque talked to Richard Duncan, Principal at Singapore-based Blackhorse Asset Management Pte. Ltd.
Why is it a winner? Fundamental stock picking
The reason the fund won the award is the performance. It returned 73% last year (it returned 528.95% since inception in March 01, returned 16.75% YTD to April 07, with $360 mil AUM). It is a long-only Asia ex-Japan fund. Its success comes from good bottom-up fundamental stock picking. The two fund managers try to identify stocks that are not recognised or followed by the rest of the market, that have very big upside potential. So the goal is to achieve 30% return within 15 months, but the fund managers are really looking for stocks that are going to double, triple or quadruple. When they believe they have identified something like that, they are willing to make significant investments in that company, although not more than 10% of the assets in that fund.
Blackhorse uses in-depth experience in the Asian market
The thing that makes Blackhorse unique is the experience from the managers, John Engle and Jonathan Ross. They both have been in Asia for almost 20 years, and both have an equity research background. Both started in Taiwan in the lat...................... To view our full article Click here
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