Alpine Investment Management is a Hong Kong-based hedge fund focused on China markets, managed by former Goldman Sachs trader Tony Song. The fund quickly gathered about $1 billion in assets in the second half of 2021 and returned 37% in 2022, making it one of the top performing Asia hedge funds. Alpine was founded in early 2022 and its current CEO Fan Yi recently worked at Credit Suisse in Hong Kong. With strong performance and growth, Alpine Investment has established itself as a rising star in Asia’s hedge fund industry.
Alpine’s 37% return in 2022 outperformed most hedge funds
The year 2022 was a turbulent one for financial markets, with many banks and funds struggling. However, some nimble hedge funds like Alpine Investment were able to navigate the volatility and generate strong double-digit returns. According to Bloomberg data on top performing Asia hedge funds, Alpine returned about 37% in 2022 – outpacing even established funds and ranking it the 2nd best performer in Asia.
Alpine focuses on China economy with $1 billion AUM
Alpine Investment currently manages around $1 billion in assets focused on China markets. The fund’s bullish views on China’s economic reopening were a key driver of its outsized returns in 2022, even as many investors turned bearish on China. With China easing COVID policies and projecting higher growth in 2023, Alpine stands well-positioned to capitalize further given its China focus.
Strong team and Hong Kong base benefits Alpine
Alpine Investment is based in Hong Kong and led by a high-caliber team well-versed in China markets, giving it an edge over offshore managers. Founder Tony Song and CEO Fan Yi both have experience at top banks Goldman Sachs and Credit Suisse respectively. Alpine also benefits from Hong Kong’s status as Asia’s premier financial hub and gateway for investing in China.
In summary, Alpine Investment has emerged as a top Asia hedge fund after posting a 37% return in 2022 with its China focused strategy and expertise. It remains well-positioned for further success given a strong team and Hong Kong base leveraging China’s reopening and growth.