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Hedge fund sees opportunities in South-east Asia

FengHe Asia Fund favours sectors such as tourism, health care and consumer shares

Hong Kong

AN Asian hedge fund that trounced peers by shorting China-related shares during a market rout last year is still bearish on Asia's biggest economy, even as it sees the region's best opportunities in Vietnam and the Philippines.

Deng Jiewen, who is part of a five-member team managing the US$80 million FengHe Asia Fund, said in an interview from Singapore that South-east Asian economies are doing a better job than China in boosting domestic consumption and attracting foreign investment. Chinese...

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