Hong Kong Hedge Fund Thanks Short Sellers, Bets Against Them
- Quam Asset Management buys shares of companies under scrutiny
- Added to holdings of AAC Technologies and Man Wah Holdings
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Jim Fong, portfolio manager at hedge fund Quam Asset Management Ltd., has something to say to the short sellers who have become increasingly active in Hong Kong’s markets: Thank you.
“When a short seller comes out with a report, actually, I should thank them,” Fong, who manages a Greater China-focused long-short equity fund for Hong Kong-based Quam Group, said in an interview at the firm’s office. When the targeted companies respond with their own statements, “it helps us clarify more whether the company is good or not,” Fong said. “Then, swift action is very important.”