{"id":9078,"date":"2008-11-10T00:00:00","date_gmt":"2008-11-10T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"pxp-vietnam-to-start-hedge-fund-bets-on-stock-market-recovery","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/pxp-vietnam-to-start-hedge-fund-bets-on-stock-market-recovery.html","title":{"rendered":"PXP Vietnam to Start Hedge Fund, Bets on Stock Market Recovery"},"content":{"rendered":"<p>Bloomberg &#8211; PXP Vietnam Asset Management, which oversees $225 million, plans to start a hedge fund by early next year as it seeks bargains in Asia&#8217;s second-worst-performing stock market, said co-founder Kevin Snowball. <\/p>\n<p>The PXP Vietnam Value Fund will raise as much as $200 million to invest in undervalued stocks, Snowball said today. <\/p>\n<p>PXP, the initials of Phan Xi Pang, Vietnam&#8217;s highest mountain, is betting that the stock market will recover as inflation eases and the nation&#8217;s trade deficit widens at a slower pace. The benchmark VN Index may double to 750 by the end of 2009, Snowball said. <\/p>\n<p>&#8220;In the long term, the story&#8217;s intact,&#8221; Snowball, 47, said in an interview in Ho Chi Minh City. &#8220;As long as the government handles the development of the economy and the market correctly &#8211; &#8211; so far they&#8217;re doing a very good job &#8212; then I think we&#8217;re fine.&#8221; <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601080&#038;sid=anHhI9QEEF8w&#038;refer=asia\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; PXP Vietnam Asset Management, which oversees $225 million, plans to start a hedge fund by early next year as it seeks bargains in Asia&#8217;s second-worst-performing stock market, said co-founder Kevin Snowball. The PXP Vietnam Value Fund will raise [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[508,56,402,765,975,899],"class_list":["post-9078","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bad-news","tag-blue-jays","tag-investment-firm","tag-levin","tag-market-exposure","tag-yen"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9078"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9078\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}