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From Komfie Manalo, Opalesque Asia:

The Regal Asian Quantitative Strategy, which is managed by Andrew and Philip King of Regal Fund Management, produced a strong return of +1.37% in February.

In its monthly newsletter, the fund attributed last month’s positive performance to momentum and sentiments that fueled much of Asian and Australian hedge funds during the period adding, “value proved to be a significant detractor to performance across all the markets while quality factors continued to show good returns.”

The report added that short-term factors also contributed a small amount of value in February, but returns across the different markets were mixed.

The report told investors, “However, we expect these factors to perform well into the future, especially if volatility begins to trend higher again. Intraday factors continued to be profitable in February and were the largest contributors to profits as the strategy proved profitable across all markets traded. This continues to be a key area of future research as we continue to look at new information and models, particularly around momentum in the higher frequency space.”

Moving forward, Regal Asian said the fund would take advantage of inefficiencies in equity markets by holding long/short equities portfolios in various major, developed Asian markets. At the same time, the fund would target up to 10% volatility while trying to maintain a beta ne......................

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