Hedge fund consultant looks to value, not shorting

Tell us about Cheetah's recent initiatives to seed Asian absolute-return funds? Wong: We have recently seeded and launched two Asian hedge funds, one in Japan and one in Korea that adopt a value-based approach to equity investing. These funds are long-only absolute return vehicles, so they do not short stocks. However, like hedge funds, they charge performance fees, can go into cash and don't measure themselves against benchmarks. Our seeding arrangement also allows us to obtain a …