Performance

Look’s looking good on Q4 market rise

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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