Fenghe Opportunities Fund
FengHe Opportunities Fund (FHO) is a Cayman Islands incorporated global technology-focused, concentrated equity long/short fund. It invests in public equities of upto 20 long positions and 10 short positions with total gross exposure below 100%. The fund uses structural drivers in the development and decline of technology companies to identify companies that will undergo change as part of the global technology evolution. The fund invests across capitalizations, geographies and sectors and has beaten broader market cap indices since inception. It has a low correlation with the S&P 500 (0.56) and takes leverage in the range: 0.8-1.5x. It seeks high capital appreciation and the fund’s annualised return is 32.58%, with a vol of 14.33%, and a sharpe ratio of 2.23.
The Fund is managed by John Wu based on his 30+ years’ experience of investing in several successful companies and the partners have significant investments in the Fund themselves.