Credence Oriental’s diversified approach pays off


In a month smothered in red ink for most sectors, the Credence Oriental Trade Enterprise (Limited Partnership) did better than most, up 1.66% (despite a 0.48% one-time write-off due to its cash deposit at MF Global Hong Kong), and up an impressive 25.12% for the year, with a positive return every month.

Splendor Capital’s Tom Tang attributes this to the fund’s diversified multi-asset and multi-strategy approach in spread trading both in China and international markets.

The fund’s market-neutral strategies proved to work exceptionally well under the turbulent market conditions last year and its relative-value trading model has also