Detailed knowledge of the Chinese story is vital for
Frederic Durr and Julien Moulin, which means they must operate
like private equity investors in their approach to company
Hedge fund managers can debate endlessly about the relative
merits of being close to or far from the markets they invest
in. For the founders of Maoming Investments though, there was
no doubt that proximity to the market was what would give them
an edge. So far, they are right. As of 15 June 2009 the fund
has achieved a return of 10.6% for the year and an average
annualised performance of 23%.
Frederic Durr and Julien Moulin
The Maoming Fund focuses exclusively on China plays and
overseas companies that are totally reliant on China. The only
way to counteract investor unease about the quality of
information they were getting about China from the outside was
to be based...