ASEAN-focused Albizia notches up 50% returns


Singapore-based Albizia Capital, which runs an absolute-return focused fund, has brought home sterling gains of 50.2% between January and October 2012, with October alone generating 2.4%.

The Albizia ASEAN Opportunities Fund, which was launched in November 2009 and is understood to have $121.6 million in assets at present, boasts of a 236% return since inception and an annualised gain of 49.8%.

Buoying the returns was the fund’s investment in Malaysian retailer Aeon Malaysia, which saw its share price rise on news that the company was bidding for Carrefour’s Malaysian operations. Another key propeller of returns in