Wednesday, 17 September 2014
Last updated 9 hours ago
Aug 16 2012 | 4:02am ET
Ward Ferry Management’s Asia hedge fund is lapping its peers.
The US$209 million fund is up 16% through July, nearly 18 times better than the regional hedge fund average, Bloomberg News reports. The WF Asia Fund has profited from its bets on consumer stocks and its bets against what it sees as poorly-run companies.
Among the former is PT Tower Bersama Infrastructure, a Malaysian telecommunications tower company, and operators of 7-Eleven convenience stores in the region.
“We believe convenience retail to be one of the most attractive structural growth sectors in Asia over the next five to 10 years,” Ward Ferry wrote to clients. “Sector growth is driven by rising affluence and market share gains against single owner-operated stores.”
Hong Kong-based Ward Ferry has US$630 million in assets, down from almost US$2 billion four years ago.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.