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HONG KONG, June 7, 2016 - (ACN Newswire) - On 27 May 2016 at the 13th annual Eurekahedge Asian Hedge Fund Awards ceremony held in Singapore, China Everbright Limited ("CEL", stock code: 165.HK)'s Everbright China Focus Fund (subsequently referred to as "the Fund") was awarded by Eurekahedge "the Best Asian Long Only Absolute Return Fund" out of 560 Asian hedge funds in the same category. This is Everbright China Focus Fund's third award this year after being ranked #1 in terms of net return, in both categories of "Emerging Markets Equity - Asia" and "Emerging Markets (all asset class) - Asia" for the Year of 2015 by BarclayHedge, another internationally renowned independent hedge fund research and rating firm.
The Everbright China Focus 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 a long only absolute return 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. The Fund achieved a net of fees return of 46.99% in 2015 and 4.96% for the first four months of 2016. In comparison, MSCI China index returned -7.82% and -4.99% of during the same periods. As of April 2016, the Fund successfully returned 71.74% net of fees since inception, with a Sharpe ratio of 1.44.
Launched in 2001 and headquartered in Singapore, Eurekahedge has a proven track record spanning over a decade as the world's leading independent data provider in hedge fund news, indices and databases. Specializing in hedge fund databases covering Asia, Europe, North America and Latin America, Eurekahedge is a subsidiary of Mizuho Bank, the second largest financial services group in Japan.
Inaugurated in 2004, the Eurekahedge Asian Hedge Fund Awards is an annual event celebrating the best and rewarding the finest hedge funds in the Asian hedge fund industry. The 88 nominees for 2016 Eurekahedge Asian Hedge Fund awards were selected from a total of 1950 Asian hedge funds listed with Eurekahedge, which are operating as of April 2016 and have reported their latest performance and AUM numbers. The 18 final award winners this year were selected by an independent panel of judges, weighing in both quantitative and qualitative aspects of the funds. For more information about the Eurekahedge Asian Hedge Fund Awards, please visit www.eurekahedge.com/awards.
About China Everbright Limited
China Everbright Limited ("CEL", 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. As of 31 December 2015, CEL's total fundraising scale reached over HK$49 billion, with a total of 31 funds.
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 single largest 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, please visit www.everbright165.com.
For enquiries, please contact:
Golin
Jackie Cheung
Tel: +852 2501 7901
Email: jcheung@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
https://www.acnnewswire.com
From the Asia Corporate News Network
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