Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Asian Hedge Fund manager based in HK/SG with over 20 years of experience managing Asian Long/Short Equity funds. Macroeconomic top-down analysis generates thematic investments that are further researched from the bottom-up. Research is supplemented with advanced technical analysis. 
Previous experience includes M&A with Morgan Stanley and CPA with Deloitte in NYC. Wharton MBA.

Charting Course: Oil Cognitive Arbitrage and the PetroYuan Debut (4/17/26)

Critical Mass - Japan's Nuclear Renaissance and the Supply Chain Stocks to Play It.

CHINA FERTILIZER INDUSTRY: Waiting for the Harvest!

OIL: When a Short-Term Spike Becomes Long-Term Reality

CHARTING COURSE: U.S. Waves the White Flag, "Lucky Trades", and the War's Inflation Tax (3/26/26)

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>The Asian Alpha Hedge Portfolio performance in 1Q26 was +17.83% versus its benchmark performance of +1.79% for an outperformance of 16.04%.</li>
<li>Over the last year, AAHP's Sharpe ratio is 4.39 with a mean excess annualized return of 69%.  The portfolio has a gross and net exposure of 132% and +30%, respectively.</li>
<li>The war has changed outlooks for economies and markets in the region.  Accordingly, we reduced risk in the portfolio and adjusted our long/short exposures to reflect this new reality.</li>
</ul>


The Asian Alpha Hedge Portfolio performance in 1Q26 was +17.83% versus its benchmark performance of +1.79% for an outperformance of 16.04%.
Over the last year, AAHP's Sharpe ratio is 4.39 with a mean excess annualized return of 69%.  The portfolio has a gross and net exposure of 132% and +30%, respectively.
The war has changed outlooks for economies and markets in the region.  Accordingly, we reduced risk in the portfolio and adjusted our long/short exposures to reflect this new reality.


Mitsubishi UFJ Financial (MUFG) (8306 JP)

Singapore Technologies Engineering (STE SP)

Hyundai Engineering & Construction (000720 KS)

HD Korea Shipbuilding & Offshore Engineering (009540 KS)

HD Korea Shipbuilding & Offshore Engineering

アジアン・アルファ・ヘッジ・ポートフォリオ（2026年3月）