(Bloomberg) Manas Capital, a Hong Kong-based long-short equity fund, added to bullish wagers on companies including Baidu Inc. and Samsonite International SA after shares got cheaper following the U.K.’s vote to leave the European Union.
Apart from buying more shares of Chinese internet company Baidu and luggage manufacturer Samsonite, the firm’s Manas Asian Equities Value Fund added to its stake in chocolate maker Delfi Ltd, said Anuj Sehgal, founder and portfolio manager. The fund, which invests in Greater China, India and Southeast Asia, is up an estimated 6.3 percent so far this year, and gained 3.8 percent in June, according to the firm.
