Look’s looking good on Q4 market rise


Positioning the fund to take advantage of an anticipated market rise in the fourth quarter 2010 paid off for the Look’s Absolute Return fund in September. The Hong Kong-based Asia ex-Japan fund, which launched in May 2009, gained 9.54%, taking year-to-date performance to 13.25%. Month-to-date, the fund was up a further 6% as of 12 October.

The very low cost of capital and the launch of the earnings report season in August, bringing news of positive first-half numbers, are both stimulating markets, says Andrew Look. With that in mind, the fund’s shorts were squared away and the fund