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Opalesque Exclusive: 788 China Fund Ltd. down YTD -57% after +114% in 2007
The 788 China Fund Ltd., which had past annual gains of +33.28% (2006) and +114.82% (2007), began 2008 with a January loss of -39.55% and after a brief February bounce back of +7.63% estimates March returns to be -33.91%. According to corporate documents the fund, managed by Jacques Mechelany, aims to achieve medium to long term growth by investing in Chinese and Chinese related financial markets.
According to these documents, "the Fund is designed to provide global investors with a unique vehicle through which to invest in China, with a favorably biased risk/reward ratio. Up to 80 % of the Fund will be invested through highly liquid indices, with constant stop losses and the ability to remain in cash during negative market trends.
Meanwhile, the Eurekahedge Greater China Hedge Fund Index is -4.65% for March as of today. Corporate website: Source
Healthcare hedge fund Accipiter Life Sciences II loses 40% in March
From WSJ's MarketBeat: It has been one of the worst quarters for hedge funds in years. Just ask Gabe Hoffman. Mr. Hoffman, who focuses on healthcare stocks, saw a loss of 40.7% in March alone in his biggest fund, Accipiter Life Sciences II.
The Accipiter Life Sciences II is down 29% year to date, through April 4th, after last year’s 20.4% rise. His other fund, called Accipi...................... To view our full article Click here
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