(Bloomberg) An Asian hedge fund that trounced peers by shorting China-related shares during a market rout last year is still bearish on Asia’s biggest economy, while seeing the region’s best opportunities in Vietnam and the Philippines.Deng Jiewen, who’s part of a five-member team led by Matt Hu managing the $80 million FengHe Asia Fund, said in an interview from Singapore that Southeast Asian economies are doing a better job than China in boosting domestic consumption and attracting foreign investment. Chinese stocks face a difficult road ahead because of deteriorating earnings, Deng said. The fund surged 20 percent in the past year as Asian stocks tumbled.
Hedge Fund That Beat 98% of Peers Says Buy in Vietnam, Not China
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