Thursday, 23 October 2014
Last updated 1 hour ago
Nov 25 2013 | 1:48pm ET
Dalton Investments' China-focused hedge fund has soared even amidst a slowdown in the world's largest country.
The Santa Monica, Calif.-based firm's Greater China Fund is up 25% this year, Bloomberg News reports. The fund is helmed by James Rosenwald and manages $64 million.
"We own a number of entrepreneurial-led companies where there is strong alignment of interests between the management and shareholders," Dalton co-manager Tony Hsu told Bloomberg. "At state-owned enterprises, the senior executives are placed into these management roles by the state and typically have no ownership in the companies they run."
Dalton's best bets have been on Hong Kong property developers and Taiwan's Himax Technologies, a microchip maker.
All told, Dalton has $2.6 billion in assets under management.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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