North of South Capital emerging markets fund fills up on China


Mark Watson
The flagship fund of the London-based emerging markets specialist North of South Capital has delivered a 25.3% return in the first 10 months of the year and has steadily built up its positions in Chinese equity after taking a relatively cautious stance on that market for the previous year and a half.

The $45 million or so long/short North of South Emerging Markets Fund was 16.2% long and 5.2% short in the Chinese market in September, bringing net exposure in those markets to 10.5%.

The fund invests in equities and bonds across global