Evenstar Sub-Fund rallies in October


Ernest Teo
Careful positioning in the past few months when markets were irrationally driven down by fear enabled the event-driven 2011 AsiaHedge Award nominee Evenstar Sub-Fund to make gains in October, ending the month up 0.51% and the year-to-date 3.50%.

The Evenstar team began seeing value in companies in Greater China where fundamentals were arguably better than what was reflected in the prices, explains Evenstar’s Ernest Teo.

The fund’s bottom-up investment process and creatively structured investments allowed it to take opportunistic positions in beaten-down names at attractive valuations with downside protection.

Then during October when