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| Fund Overview | The Fund seeks to profit from trading securities which are primarily subject to corporate events or from trading-related securities which the Investment Manager believes are mispriced by the market. The Fund invests in securities that are listed on Asian stock markets and other markets where related securities may be listed and in securities which are listed on markets outside of Asia where more than 70% (by assets or earnings) of the underlying business originates from an Asian country. The Fund aims to generate consistently positive returns which have a low correlation to the Asian stock markets. The objective is to generate 10-20% pa with a standard deviation of 6-10% |
| Manager Comments | The Manager noticed a significant pick up in event driven opportunities across most of the Fund's sub-strategies. In term of M&A, September marked the busiest deal count of the year. A recent trend the Manager has observed is an increase in activity in cross border deals involving China based targets, perhaps an indication that the leadership change has catalysed such activity. In addition, the takeover of Tokyo Electron by Applied Materials marked an unusual inbound Japanese transaction signaling a significant shift of Japanese boards being culturally resistant to a foreign takeover in the face of industry consolidation to protect shareholder interest. |
| More Information | » View detailed profile of this fund |
