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Hedge Fund New Value Investment Updates Positions

|Includes: FUND

Now we have a few portfolio updates out of hedge fund manager Luo Weiguang’s New Value Investment, which ranked top in all Chinese onshore hedge funds in 2009.

According to the annual report, New Value IV Fund filed that it had 1.819 million shares of Hebei Veyong Biochemical Co Ltd (SHA: 600803), adding 268,000 shares than that in 2009Q3.

Another fund, New Value II Fund, had sold parts of its holdings in the same company.

Both above New Value funds are managed by Luo.

New Value II Fund returned 192.57% in last year, ranking No.1 in all Chinese hedge funds and also beating all mutual funds.

If we reviewed more annual reports by Chinese listed companies, we could make a list of companies which had been focused and invested by local hedge funds managers.

The list includes: Shanghai Shentong Metro Co., Ltd. (SHA: 600834), Guangdong Highsun Yongye (Group) Co., Ltd. (SHE: 000861), Dalian Zhangzidao Fishery Group Co., Ltd. (SHE: 002069), Shenzhen Sunlord Electronics Co., Ltd. (SHE: 002138) and The Inner Mongolia Time Technologies Co. (SHE: 000611), etc.

Disclosure: No positions