Friday, 22 August 2014
Last updated 1 hour 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 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note