Citic Alpha Leaders fund delivers despite sharp market swings

Tue Feb 28, 2012

Read more:




The investing environment proved treacherous last year for most long/short fund managers but the $121 million Citic Securities Alpha Leaders Fund, which trades in Hong Kong and Chinese shares as well as American depositary receipts of Chinese companies, delivered a 6.22% return for the whole of 2011.

That is an impressive performance given that during the period the Hang Seng Index stumbled 20.13%, while the composite indices for the Shanghai and Shenzhen markets slipped 22.60% and 34.08% respectively. In January, the fund slipped a slight five basis points, against a 1.75% gain for the AsiaHedge Composite.

Its portfolio manager Kai Huang says the fund’s bottom-up based, market-neutral...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI