Hedge Funds

Sun steers Veritas to rich pickings in China as market shifts to consumer growth


How Veritas used its simplified but effective strategy of low leverage and high liquidity to maximise alpha from the China markets

By late 2009, fund manager Ezra Sun had a pretty good idea about how to approach the new Veritas China Fund, having navigated the Real Return Asia Fund through five eventful years. China plays a significant role in the $850 million Asia including Japan fund, and Sun reasoned that its straightforward long/short, low-leverage, high-liquidity strategy would adapt well to a Greater China fund. So far, so good – the latest hedge fund addition to the Veritas Asset Management stable recently passed its first anniversary, clocking up returns just shy of 17% in the