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Alternative Market Briefing

Orchid Asia reopens China hedge fund to investors

Monday, August 06, 2018

B. G., Opalesque Geneva:

Orchid Asia Group is reopening its China alternative investment offering to external investors, according to an email seen by Opalesque.

The Orchid China Master Fund ($), which has a track record of 10 years and manages $265m, had up until May annualised 12.8% since inception, with a YTD return of 14.3% - compared to the Hang Seng index' 1.8%. In May, the fund was up 9%, during "a relatively calm month for Chinese equities."

But June was a month during which many China-focused hedge funds suffered losses after the benchmark stock index posted its biggest monthly decline since January 2016. According to Bloomberg.com, the Orchid China Master Fund lost 4% that month, bringing the H1 returns down to 9.4%. China-focused hedge funds lost an average 4.4% that month according to Eurekahedge. Meanwhile, the Shanghai Composite Index decreased by 8%, reflecting the difficulties brought on by China's trade row with the U.S. and the country's crackdown on shadow banking, says the newswire.

The Caymans-domiciled fund follows long/short strategies of fundamental investing in equity securities of Chinese companies listed anywhere in the world, to capitalize on the growth of the country's domestic consumption. Its management fee is 2%, the performance fee 20%. The portfol......................

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