Sunday, 26 February 2017
Last updated 1 day 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.