Guoyuan multi-strat fund claws back losses


The $38-million Hong Kong-based Guoyuan Multi-Strategy China Opportunities Fund started to bounce back in October from its earlier steep drawdown – gaining 31.46% on the month, in one of the best October performances reported to the AsiaHedge database.

The fund benefited from the dramatic price rally of Chinese property and banking shares listed in Hong Kong, according to the fund’s executive director Coke Li.

The fund, which was established in 2008 by the Shenzhen-listed Guoyuan Securities, is run by a five-man investment team headed by Cheng Chao – who, before moving to Hong Kong, was the chief investment