A revival in Hong Kong stocks has provided bumper returns for Prusik Investment Management, which placed early bets on once-unloved property and conglomerate shares in the financial hub. Chief Investment Officer Tom Naughton is confident that further gains lie ahead.
The money manager’s $787 million flagship fund has more than a third of its money invested in Hong Kong companies or those listed in the city, according to a fact sheet. That’s versus a little more than 5% for the MSCI Asia Pacific ex-Japan Gross Return Index, which the fund uses as a benchmark.
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