The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Playing long/short in China

Hedge funds choose their spot

Asian hedge funds: Comfortable with quant

Credit? A niche strategy?

Good times for distressed debt

Riding volatility in Asia

Emperor Greater China Fund’s Ed Mullen has lived in Shanghai for six years, managing money there for international investors. “I saw China as a bright spot and an emerging economy when others were not convinced,” he says. “I had enough capital to invest my own money so I set up a long/short mainland China fund. For the first few years it was tough to get investors on board but now they realize that with average annual GDP growing by over 10% for the last 25 years, a 200 to 300 million consumer middle class and no trade deficit, China is an interesting place to be.” Emperor shorts larger-cap stocks in China-related companies in Hong Kong, Singapore, Taiwan and the US where there is little issue of borrowing stock. The fund’s net exposure varies typically between 20% and 70%. “At the moment we have a long bias because of the market but in May and June we made great money on the shorts we had put on with a net exposure of around +10%.”

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree