The Hong Kong-based pan-Asia LH Asian Arbitrage Fund has continued to deliver a steady performance, notching a 2.1% gain in October, mostly generated from its Asian convertible bond positions.
The multi-strategy fund benefits from less efficient markets in the region compared to markets in the US and Europe by arbitraging those inefficiencies to provide investors with basic returns and to minimise downside risks.
The fund has gained every month so far this year, except in May, and is up 15.1% year to date. It has delivered an annualised return of 10.53% since launch in January 2002.
About 2.55% of its October