The strong rebound of regional stock markets in the early
part of 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 the end of June, the Tantallon Fund will become a
long-only fund holding a limited number of high...