APS Asia Pacific strategy leads the regional pack


The APS Asia Pacific Hedge Fund gained 5.0% in January 2010 making it one of the best performers in the Asia including Japan universe.

The month's performance was primarily due to positions in Melfas and Pacific Andes Resources, as well as convertible bonds in Powerchip and China Nickel, said APS Asset Management's Wong Kok Hoi. Powerchip investors were paid in full at par, receiving 70% in cash and 30% in shares, making a 42% return for the fund in less than six months, Wong says. Melfas, a touch-panel sensor maker, surged 22% during the month and fish meal