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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

POWERING AHEAD: The idyll of a poster on a Hanoi street belies the promise of the Vietnamese economy, which the government expects will grow by 6.7 per cent this year, powered by by rising domestic demand and foreign investment.

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

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