Wong Kok Hoi believes in turning conventional economic wisdom on its head to exploit lucrative pockets of market inefficiency
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...