Mar
03
Hedge Fund That Beat 98% of Peers Says Buy in Vietnam, Not China
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Fenghe Asia Fund positive on Vietnam, Philippine economies
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Tourism, new energy, health care among favored industries
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 helps run the $65 million FengHe Asia Fund with F&H Fund Management’s co-founder Matt Hu, 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
