Good long stock picks help lift K2 Asian


Remaining 90% long in March, the K2 Asian Fund benefited from good market performance to gain 3.76% for the month, taking one-year gains to 39.36%.

The Asia ex-Japan long/short equity fund had a reasonable weighting in Thailand, which went up 10% in the month, while holdings in Taiwan and Korea also contributed, explains K2 Asset Management's Mark Newman.

While Hong Kong and China lagged, the fund's good stock picks in both markets also contributed to returns. The fund is overweight telecoms such as China Mobile and China Telecom, which are expected to benefit from any renminbi revaluation, as