Performance

Tiburon Tao tops 5% in February playing both long and short books

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Good performance from both long and short books enabled the Tiburon Tao fund to gain 5.11% in February. Anti-consensus trades in banks and property helped the China long/short equity fund, while strategic long and short exposure in China domestic consumption stocks provided a further boost, explains Tiburon Partners' Jeff Coggshall. The fund caught an inflection point in sentiment for China's banking and property sectors, which both had very big sentiment overhangs building during the past few quarters. With many capital raising announcements from Chinese banks in the price, and valuations already reflecting a worst case outcome for non-performing