HT Amoeba ends 2010 on a high


The Hong Kong-based HT Asian Alpha Amoeba Fund gained a respectable 2.53% in December, taking the year’s gains to 11%.

Looking at the markets for the month as a whole, in theory, the Asia including Japan long/short equity fund could have gained more, but intra-month volatility amid reduced turnover curbed portfolio manager Ophelia Tong’s enthusiasm and she took a conservative approach.

For the year as a whole, the fund had to contend with markets that never seemed to settle in one direction for long, with strong economic growth within the region pitted against strong global headwinds and volatility.