(Bloomberg)-A gathering in Chinese stocks associated with excitement on Deepseek and Unitree Robotics raised the returns of many long money only last month.
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Deepseek revealed a low -cost artificial intelligence model and a source, and the UnitE show of its robot technology. The MSCI China index increased by approximately 12 % in February, and this month’s gains extended by 3 %, led by stocks that are expected to benefit from the accreditation of the broader technologies.
Cheng Fang, founder of Keywise Capital Management, said its headquarters at Keywise Management Ltd. said.
Keywise’s returns and strategies and four other companies are listed from recovery below.
Taria
A person with knowledge of the topic said that the hedge fund in Taria Capital Limited in China returned 39 % during the month, and to help upward bets in AI and data center stocks.
The chief investment staff Sean has started his career at Global Quanting Susquehanna International Group, and he built the first alternative data system in Tybourne Capital Management Director -based asset manager before starting his own company.
Using alternative data such as company recruitment activities, Triata has started buying US receipts for the GDS Holdings Ltd. In the first quarter of 2024 when they were trading between $ 5 and $ 6, a person with knowledge of the issue, who asked to identify the discussion of private information. The company refused to comment.
The person said that the sale of the minority share last year estimated the international GDS business at about $ 3.86 per AdR, which means that the market did not take into account a lot of potential additional demand from Chinese AI and infrastructure programs. GDS rose above $ 40 in February.
The person said that Triana, which includes more than a billion dollars in assets, carries artificial intelligence software, including the participants in cloud computing and converting the text into short videos.
Veridian
Viridian Asset Management has achieved an estimated 6 % at its best since it started trading in August, and to buy shares in follow -up offers for Chinese technology companies that raise capital to financing, according to Cio Pascal Guttiers.
In February, Veridian participated in Robosense Technology Technology in Hong Kong, and Xtalpi Holdings Ltd. , Chipmaker Black Sesame International Holding Ltd. And Ai Stock Beijing Fort Paradigm Technology Co.
These offers are usually priced on discounts on the prevailing market values, providing opportunities for stock market funds such as Viridian to earn money when shares are traded.
“There is now a market for companies in China wanting to raise money, we have not had since 2021,” Guterres said.
He said that his company overseeing 130 million dollars, and a deal signed to start managing up to 200 million dollars for an American investor since later this month, which puts him in his course to reach 400 million dollars on the first anniversary of the anniversary.
Aspon
A person familiar with this matter said that Aspoon Capital Ltd. ,, Which had already had investments in Chinese stocks related to the prosecution last year, witnessed that the hedge fund earns 4.8 % for this month. It published a 58 % return for 2024, according to a newsletter in December.
The company announced “China Chatgpt”, noting that the similarity between the embrace of Chinese companies from artificial intelligence and the adoption of the Internet via mobile phone 10 years ago, wrote in its news messages in December and January.
“We believe that this gathering is more sustainable and is unlikely to fade greatly as it is last October,” wrote the company, which is based in Hong Kong, has a headquarters for Ryan Yin, Nimer Pacific Capital, in the January speech. The MSCI China index increased by 23 % in September, just to decrease in the next two months, as investors who expected a bold economic stimulus were disappointed.
The company refused to comment via email.
Aspon said in the letter that Tiktok Parent by atteedance Ltd. Alibaba Holding Ltd. They have been appointed for the first time on new versions of their big language models, which at least competitively like Deepseek. She added that Deepseek will not be able to achieve income from all the traffic and attention it received, but the giants have abundant resources to do so, which leads to the start of the expenses and fresh infrastructure cycle as in the United States two years ago. Alibaba increased more than 70 % in Hong Kong this year.
Red Gate
The Chinese Gate Lond’s Chinese growth fund ended the month by 8 %, according to the data collected by Bloomberg. Red Asset Management Co. said.
The Red Gate Research Team said in an email that the demand for robots will exceed electricity and mobile phones combined, and may reach trillion dollars. Chinese and international robot makers will gradually start huge production this year. The team imagines an investment strategy that revolves around spare parts and robots. Suppliers who can make large quantities at low prices will win.
The research team said that the excitement invested about the shares of human robots may disappear slightly in the coming quarters, because they realize that the market values of relevant companies may proceed in the actual and effective application volumes. In the early days, the focus on identifying future winners, businessmen and technology should be behind them, rather than evaluation.
In the AI space, the TECENTSTENTS LTD. WeChat Ltd. Tests to merge the Deepseek model into its search engine. Red Gate’s analysis shows that it can be extended to the functions of e -commerce services and lifestyle.
Alibaba recently wrote plans to spend more on artificial intelligence over the next three years than in the past decade, a move “a shift in the administration’s mindset.” “He refers to a group of private institutions that move from the economic winter season to actively engage in business.”
Red Gate Couns Norges Bank Investment Management as a customer, according to the information published on the Norwegian sovereign wealth fund website of $ 1.8 trillion.
key
The main penguin development fund increased by 5.9 % in February, as most of this came from Chinese technology companies.
Keywise, which oversees about $ 2.5 billion, has been added to the current holdings of the Hong Kong shares in Alibaba, the leading cloud services provider in China, and TENCENT. Cheng said he also bought more Trip.com Group Ltd. shares. , Which can use artificial intelligence to enhance travel planning and customer services.
Xiaomi Corp. And byd Co. It is also in a good position to convert AI, according to Keywise.
Cheng was the Minister of Rong -Yarin, the founder of the Chinese Cteick conglomerate group, which later became the Vice President of the Republic. Cheng continued to analyze investment in Rockefeller for the family, and to help manage emerging market money at JPMorgan Asset Management, and participated in the founding of the New York -based market funds company before the establishment of Keywise in 2006.
About a decade ago, Keywise has shifted from a fund manager that focuses on China to one focusing on huge trends such as new energy, electric cars, AI and robots. Like Red Gate and Triata, it is considered enlightenment as a customer.
Most of Keywise investments in American and Chinese stocks. Cheng said her regular comments to potential clients and investors have been silently in the past few years, as Chinese stock appetite has decreased. This has changed with the penetration of artificial intelligence. Cheng said that more than five potential clients had requested meetings, including endowment funds from the United States, the Middle East and Europe, after the latest speech in Keywise.
(Updates with the performance of the MSCI China index and shows that Tower Care had a reverse division in the chart.)
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