Hedge Funds

Up close and personal is the secret of Maoming's success


Detailed knowledge of the Chinese story is vital for Frederic Durr and Julien Moulin, which means they must operate like private equity investors in their approach to company research

Hedge fund managers can debate endlessly about the relative merits of being close to or far from the markets they invest in. For the founders of Maoming Investments though, there was no doubt that proximity to the market was what would give them an edge. So far, they are right. As of 15 June 2009 the fund has achieved a return of 10.6% for the year and an average annualised