China Hedge Fund Pureheart Up 24%

Aug 16 2013 | 11:00am ET

Chinese hedge fund manager Zhao Danyang may be best known for winning an auction to have lunch with Warren Buffett five years ago, but now he's making a name for himself with his returns.

Zhao's Pureheart Capital Asia is up 24% this year, Bloomberg News reports, after a 7% surge last month. The US$217 million firm has more than 80% of its assets invested in Chinese stocks, up from 50% at the beginning of the year.

"There is no doubt that the China stock market is still in a bear market," the Hong Kong-based firm wrote in its July newsletter. "The falling share prices will provide a very good opportunity for us to buy the carefully-selected shares at a bargain."

Pureheart is most optimistic about consumer goods and pharmaceuticals, and plans to cut its investments in Vietnam further. The firm has already exited almost all of its Indian investments.


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.