Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Cross Asset Strategy

<ul>
<li>On January 1st, we created the Asian Alpha Hedge Fund (AAHF), which returned 31.66% in the first quarter of 2025. AAHF is a simulated (paper-traded) long/short equity Asian hedge fund.</li>
<li>The fund's outperformance was attributed to high alpha generation and country allocation/positioning.  The portfolio gained from its long positions in Hong Kong and shorts in Japan.</li>
<li>On 3/31/25, we reduced long positions in HK tech and covered short positions in Japanese steel companies. At 3/31/25 AAHF had a gross position of 172% and net exposure +5.89%. </li>
</ul>


On January 1st, we created the Asian Alpha Hedge Fund (AAHF), which returned 31.66% in the first quarter of 2025. AAHF is a simulated (paper-traded) long/short equity Asian hedge fund.
The fund's outperformance was attributed to high alpha generation and country allocation/positioning.  The portfolio gained from its long positions in Hong Kong and shorts in Japan.
On 3/31/25, we reduced long positions in HK tech and covered short positions in Japanese steel companies. At 3/31/25 AAHF had a gross position of 172% and net exposure +5.89%. 


Asian Alpha Hedge Fund (AAHF): INTRODUCTION

Japan

Kobe Steel, Ltd. is a steelmaker, as well as a supplier of aluminum and copper products.  The products include steel plates and steel rods.  The Company also operates other businesses such as welding consumables, urban infrastructure, plant engineering, and industrial & construction machinery.  Kobe Steel has operating offices in the US, Europe, and Asia.

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Kobe Steel Ltd (5406 JP)

Asian Alpha Hedge Fund (AAHF): INTRODUCTION

Asian Alpha Hedge Fund (AAHF) returned 32% in the first quarter of 2025. The fund outperformed the MSCI All Country Asia Pacific index by 28%. ...

David Mudd

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