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Justin Kendrick Benedicte Gravrand, Opalesque Geneva:

An asset manager who has been running long/short funds focused on Asian small and mid caps for the last ten years, talks about his investment style and the opportunity set in Asia.

Justin Kendrick is the Co-founder and Portfolio Manager of Binjai Hill Asset Management in Singapore. Before founding Binjai in 2004, he worked at Crosby Securities, an Asian broker focused small caps and small emerging markets, then HSBC and ABN AMRO. "After several years of working for large companies and watching the same mistakes being repeated, I wanted to set up and do something by myself," he told Matthias Knab during a recent Opalesque TV interview.

Binjai Hill, an asset manager focused on mid and small caps, runs three funds; a UCITS fund, which was incepted last year, a Cayman long/short hedge fund incepted in 2004, and a small long-only fund. The Cayman fund has compounded a 13%+ growth, and the Asian Special Opportunities Fund, which is the UCITS version of the Cayman fund, is probably the only UCITS offering a long/short mid cap fund in Asia.

The universe of Asian mid cap stocks is a large one, he says, with around 15,000 companies to choose from. "And the alpha that one generally gets in the mid cap space is roughly two-thirds of the return versus the large capitals; the beta is two-......................

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