Frontier gains with simple strategy without the need for fancy footwork
Mon Feb 20, 2012
Shifting from long/short to long-only absolute return in 2009, Frontier’s Kung and Phillips play to their strengths in the regional small/mid-cap market
In an industry with more than its fair share of pundits aiming to dazzle with the complexity of their strategies, it is refreshing to find a manager who is quick to emphasise that what he does is really quite simple. No fancy black box quant models, no nifty footwork with derivatives, just straightforward long-only, absolute return value investing. Yet this deceptively simple strategy has been more than sufficient to generate returns since September 2008 of 41.31% for the Frontier Asia Fund, and garnered it the small and mid-cap AsiaHedge Award 2011.
Originally launched by ex-Fidelity research director Jeff Kung in May 2006 as a long/short Asia ex-Japan fund, it was re-launched in 2008 when Peter Phillips joined his ex-colleague. Phillips was a career Fidelity man, joining the firm in 1987 and staying for 21 years, holding a diverse range of positions including head of research, fund...
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