IDAM China Multi-Strat on the up


Long core positions in renminbi-related stocks, notably banks, were behind the 5.09% December 2010 gain for the IDAM China Multi-Strategy Fund, which was up 28.41% for the year as a whole.

Astute timing on futures trades also added to the month’s gains, explains IDAM’s Dale Tsang. The Hong Kong-based multi-strategy fund runs a combination of long/short, index arbitrage and special situations books and continues to do well by looking for Rmb-related plays – for the first 10 days of January, the fund was up a further 7%, a good start towards its 20%+ target for 2011.

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