The strong rebound of regional stock markets this year has
been forcing many Asian hedge funds to seriously consider
reducing or avoiding the shorting of single stocks and equity
indices as a strategy.
Tantallon Capital, the Singapore-based manager of long/short
Asia equity focused Tantallon Fund, for instance, has recently
decided to completely abandon shorts and is changing the
mandate of the fund to long-only.
The group’s other fund, the Tantallon Emerging
Markets Fund run by Tariq Ahmad, remains a long/short fund
although the manager also runs a number of separate accounts on
a long-only basis.
By end June, the Tantallon Fund will become a long-only fund
holding a limited number of high conviction ideas held on a
minimum three-year view. At most, the portfolio will hold no