Red Cobra and iVim surge in September


September saw markets in full ‘risk on’ mode, and a number of Asia funds posted very solid returns for the month. For many this helped to fuel strong third-quarter numbers, and over the year to date the figures are, on aggregate, reasonably strong.

One of those that did well last month was Red Cobra, managed by Celina Lin and Aadil Ebrahim, which gained 8.8% on the month taking third-quarter numbers to 7.78%. On a stock-specific level, consumer products company Tingyi remains a favoured holding – in the managers’ view, one of the best food and beverage names in