Strong long exposures on key markets such as India, Indonesia and the Philippines helped Hong Kong-based manager Ward Ferry deliver in a remarkable fashion across its set of Asia-focused funds in September.
Its long/short flagship fund, WF Asia Fund gained 4.7% in September bringing year-to-date returns to 20.30%.
The Cayman-registered fund was 21% long and 7.1% short on India during the month.
The fund has delivered an impressive annualised return of 10.98% since it was launched in February 2001.
AsiaHedge’s database places the fund’s total AUM at between $200-300 million.
The group’s second fund, the WF Asian Smaller