Wong Kok Hoi believes in turning conventional economic
wisdom on its head to exploit lucrative pockets of market
Despite that fact that it occupies a cornerstone position in
modern financial theory, the efficient-market hypothesis cuts
very little ice with Wong Kok Hoi, and his dismissal of this
pearl of wisdom has served him well so far.
Wong Kok Hoi
Since founding APS 15 years ago, Singapore-based Wong has
gradually grown his stable of Asian funds to a total of $1.7
billion in assets under management in a range of classic hedge,
long-only and long-only absolute return funds.
The two hedge funds, the China Alpha Fund and the Asia-Pacific
Hedge Fund, each has approximately $60 million in AUM.
Following its inception in March 2007, the China Alpha fund
restructured as a hedge fund in June 2008, gained 58% as of the
end of February 2010, and clocked up a return...