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Alternative Market Briefing

APS to move focus from pan-Asia to China

Tuesday, February 18, 2020

B. G., Opalesque Geneva:

Singapore-based asset manager APS Asset Management Pte Ltd has decided to focus solely on China going forward, and concentrate all our resources in only managing China mandates including Hong Kong, Taiwan and ADRs.

APS will be exiting the other Asian markets and will return funds to its existing clients.

"While APS was founded as a Pan Asia manager, we had set early roots in the China market even before the China A Share market became open for foreign investment," says a letter to investors seen by Opalesque. "In fact, APS started life in 1995 as a JV with the then number one investment bank in China - Shanghai International Securities. And we were one of the earliest offshore managers to establish a research presence in China in 2002, launching our China A share fund two years later in 2004."

APS notably manages the All China Long Short Fund (a Cayman-domiciled, $72m fund launched in 2008 that returned +12.6% in 2019 and annualised 7.7% since inception), and the China A Share (Cayman) Fund (a $287m fund launched in 2004 that returned +33% in 2019 and annualised 13% since inception).

The MSCI China A Onshore index (USD) was up 37% last year, and the ......................

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