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HONG KONG, Feb 22, 2016 - (ACN Newswire) - China Everbright Limited ("CEL", stock code: 165.HK)'s Everbright China Focus Fund (subsequently referred to as "the Fund") is ranked #1 in terms of net return by BarclayHedge, a leading hedge fund research and rating firm, in both categories of "Emerging Markets Equity - Asia" and "Emerging Markets (all asset class) - Asia" for the Year of 2015.
The Fund distinguished itself among all eligible Asian hedge funds by achieving a net-of-fees return of 46.99% in 2015 despite the global financial market turmoil. The Fund was established in January 2014 and is managed by Keith Wu, Managing Director of China Everbright Assets Management Limited (CEL's wholly-owned subsidiary) and his team. The Fund carries an absolute return long only mandate and its investment philosophy is to exploit the high growth in Greater China equity market so as to generate compounded long term absolute return for its investors. As of December 2015, the Fund successfully returned 63.63% net of fees less than two years since inception, with a Sharpe ratio of 1.47.
Founded in 1985, BarclayHedge is one of the foremost sources for proprietary research in alternative investments. It is dedicated to serving institutional clients worldwide in the field of hedge fund and managed futures performance measurement and portfolio management. The BarclayHedge Alternative Investment Database tracks and analyzes the performance of 7493 hedge fund and managed futures investment programs worldwide. The BarclayHedge hedge fund and managed futures (CTA) indices are utilized worldwide by financial media and investment consultants as performance benchmarks for the alternative investment industry.
Source: BarclayHedge
About China Everbright Limited
China Everbright Limited (stock code: 165.HK) was established at Hong Kong in 1997, CEL persistently pursues its "Macro Asset Management" strategy, with specific focuses on cross-border asset management and investment business. Over the past years, CEL manages series of private equity funds, venture capital funds, sector focus funds, mezzanine funds, hedge funds and principal investment as operated via an international management platform, and provides overseas investors with opportunities to explore and invest in companies with fast growing potential in Mainland China. On the other hand, CEL also seeks investment opportunities from overseas and provides diversified financial services for its clients in Mainland China.
China Everbright Limited, being a member of China Everbright Group, is the second largest shareholder of Everbright Securities (stock code: 601788.SH), a strategic shareholder of China Everbright Bank (stock code: 601818.SH, 6818.HK), the controlling shareholder of the Hong Kong-listed China Aircraft Leasing Group Holdings Limited (stock code: 1848.HK) and the second largest shareholder of the Singapore-listed Ying Li International Real Estate Limited (stock code: 5DM. SGX).
After the launch of "Shanghai-Hong Kong Stock Connect" on 10 April 2014, CEL becomes one of the first batch of specific stocks listed on The Stock Exchange of Hong Kong which can be directly traded by Mainland investors.
Through upholding the philosophy of "Making Wealth Simple", CEL leverages on its own substantial financial strength, as well as the position and influence of China Everbright Group and its affiliated companies in the financial industry in China, and has successfully built huge cross-border social and business networks in Hong Kong and the Mainland, and established a reputable image in the market.
For more information on CEL, please visit www.everbright165.com
For enquiries, please contact:
Golin
Annie Leung
Tel: +852 2501 7918
Email: aleung@golin.com
Max Lau
Tel: +852 2501 7905
Email: mlau@golin.com
Topic: Press release summary
Source: China Everbright Ltd
Sectors: Daily Finance, Daily News
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From the Asia Corporate News Network
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