This China-focused fund has been smashing the Hang Seng Index as it expects Coronavirus fears to subside

The Orchid China Master Fund was up 0.6% net for January, compared to the 6.7% decline in the Hang Seng Index. The fund's one-year return is 23.8%, compared to the Hang Seng Index's 5.8% decline over the last year. For 2019, the Orchid China Master Fund was up 32.2%, compared to the 9.1% decline for the Hang Seng Index.

Q4 2019 hedge fund letters, conferences and more

China impacted by the coronavirus

In their January letter to investors, which was reviewed by ValueWalk, the Orchid China team noted that 2020 "started with a hang." China and the U.S....