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.

Asian Alpha Hedge Portfolio (March, 2026)

BUY/SELL/HOLD: Hong Kong Market Update (4/14/26)

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

BUY/SELL/HOLD: Hong Kong Stock Updates (September 12)

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

CHINA FERTILIZER INDUSTRY: Waiting for the Harvest!

Cross Asset Strategy

<ul>
<li>The Hong Kong Alpha portfolio's March performance was -11.25%, compared with -7.75% for the benchmark index.  The Hang Seng Index lost 6.92% for the month.</li>
<li>Performance was hurt by its exposure to the oil equipment and fertilizer sectors, which normally benefit from higher energy prices. China imposed price and export restrictions in the energy sector.</li>
<li>At the end of March, we positioned the portfolio to better cope with the difficulties in China's economy and in the global market due to persistently high energy prices.</li>
</ul>


The Hong Kong Alpha portfolio's March performance was -11.25%, compared with -7.75% for the benchmark index.  The Hang Seng Index lost 6.92% for the month.
Performance was hurt by its exposure to the oil equipment and fertilizer sectors, which normally benefit from higher energy prices. China imposed price and export restrictions in the energy sector.
At the end of March, we positioned the portfolio to better cope with the difficulties in China's economy and in the global market due to persistently high energy prices.


China National Building Material (3323 HK)

COSCO SHIPPING Energy Transportation (1138 HK)

China Resources Building Materials Technology (1313 HK)

China Resources Building Materials Technology

China Everbright Environment Group (257 HK)

Foshan Haitian Flavouring and Food (3288 HK)

香港アルファポートフォリオ：（2026年3月）