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Komfie Manalo, Opalesque Asia: APS Asset Management (APS), an asset manager headquartered in Singapore and founded by Wong Kok Hoi in 1995, saw its APS Greater China Long/Short fund generate strong returns in April with 14.6% gains, bringing the YTD performance to almost 46% (the Fund’s returns are based on 82.89% of funds which have reported April 2015 returns as at 20 May). The MSCI Golden Dragon Index returned 11.5% in April, 18.6% YTD and the Eurekahedge Greater China Long/Short Index 17.1% and 24.4% YTD.
The Fund invests in the China A- Share market and shares of companies established or operating in the People’s Republic of China that are listed on exchanges in Taiwan, Hong Kong and Singapore. It opportunistically shorts positions to hedge exposure to the mainland China stock markets. It was incepted in July 2008 and has returned almost 16% since.
The strong performance came from both holdings in China H- and A-shares. Major contributors to the portfolio in April were Gome, a contrarian bet, and Beijing Venustech, China’s leading IT security firm.
As APS celebrates its 20th anniversary, its long/short strategy grew to $595m in AUM at the end of April.
The company said in its monthly report to investors, Following a policy change on Mar 30 that allows domestic Chinese mutual funds to invest in Hong Kong through the Stock Connect without needing a QDII license, HK-listed China stocks, particularly small...................... To view our full article Click here
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