Richland takes cue from strengthening Hong Kong dollar

Thu Nov 22, 2012

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The $70 million Richland Absolute Return Fund delivered a robust 4.39% gain in October after shifting its focus to catalyst-driven, short- term trading, in reaction to the strong inflow of money into the Hong Kong market as reflected in the strengthening of the Hong Kong currency. 
The fund has generated positive returns every year since it was launched six years ago. It has delivered an annualised return of 13.17% with a Sharpe ratio of 1.63 since launch, and is up 7.56% year-to-date.

Portfolio manager Alex...

ISSN: 2151-1845 / CDC10004H

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