中華匯聚基金 智者之選基金之子基金 半 年 度 報 告 2010
惠理基金管理公司 (852) 2880 9263 (852) 2565 7975 vpl@vp.com.hk www.valuepartners.com.hk
2-4 5-11 12 13-19 20
Bank of Bermuda (Cayman) Limited PO Box 513 HSBC House 68 West Bay Road Grand Cayman KY1-1106 Cayman Islands Maples and Calder PO Box 493 Century Yard Cricket Square Grand Cayman KY1-1106 Cayman Islands (852) 2880 9263 (852) 2565 7975 vpl@vp.com.hk www.valuepartners.com.hk
25 25 Institutional Investor 100 79 Institutional Investor Thomson Reuters Extel Thomson Reuters Extel Alpha Magazine AsianInvestor Capital Markets Person of the Year: FinanceAsia Asia Asset Management Journal DHL Global Money Management, London Institutional Investor The Asset Benchmark Survey
2009 2010 2010 2010 0.9% 6.1% 2009 87.1% 56.6% 62.3% A 2010 26.8% 2010 6 3029.1% 12.8% 10.9%
9.1% 2010 11.9% 2009 9% 8% 7% 2,500 11% 6%
2010 7 1
90 2010 7 13 Institutional Investor 2010 25 2010 25 Institutional Investor2010 5 2010 100 79 Institutional Investor 2010 6 30
2010 6 30 939HK 1,903 883HK 768 148HK 37 2010 6.34 9.9 2.1 4.4% 13.38 13.5 2.9 2.8% 33.80 9.2 1.2 3.1% 13,384 40,000
2010 6 30 TIAN SP 5 200869CH 50 2010 0.715 5.4 1.0 3.7% 73.50 24.0 8.8 2.3% 800 2010 10 A28% 2008 2005 2010 6 30 22.8%2010 6 30 1 0
= 115.01 1,400% 1,200% 1,000% +1,050.1% 800% 600% 400% 200% +119.1% 0% -200% 7/00 12/01 5/03 10/04 3/06 8/07 1/09 6/10 1 1
177,089,100 191,575,139 11,917,440 9,335,975 2,503,209 297,434 952,680 549,529 522,758 7,021 31,487,527 15,595,062 224,472,714 217,360,160 10,705,621 5,779,947 1,616,233 451,523 573,106 327,640 1,011,705 219,043 230,288 27,107 28,484 87,988 174,289 17,598,869 3,634,105 206,873,845 213,726,055 207,355,660 214,220,653 (481,815) (494,598) 1,802,8961,878,674 115.01 114.03 1 2
B 429,488 171,583 0.08 B 495,153 777,274 0.38 B 4,305,400 4,463,245 2.16 B 880,457 504,437 0.24 B 1,242,696 2,286,561 1.11 B 3,603,926 2,833,290 1.37 B 1,329,100 916,844 0.44 B 4,069,113 3,418,055 1.65 B 2,022,031 4,636,494 2.24 B 137,670 146,431 0.07 B 854,500 8,067,948 3.90 28,222,162 13.64 1 3
802,000 1,460,879 0.71 H 2,854,000 3,039,290 1.47 1,933,000 2,756,250 1.33 9,878,000 3,223,045 1.56 H 5,478,000 3,061,082 1.48 H 10,572,000 8,610,138 4.16 863,000 1,838,057 0.89 H 1,238,000 1,148,211 0.55 H 547,000 2,002,608 0.97 914,000 2,800,259 1.35 586,200 1,912,684 0.92 4,104,000 991,126 0.48 2,874,000 4,895,465 2.37 3,428,000 1,699,776 0.82 6,595,000 11,335,342 5.48 284,000 176,209 0.08 902,000 507,510 0.25 H 3,861,000 6,784,996 3.28 5,391,000 2,638,506 1.28 2,512,000 465,317 0.22 H 4,138,000 3,045,852 1.47 1 4
1,837,000 1,852,433 0.90 1,834,000 7,963,055 3.85 7,375,000 2,700,042 1.31 157,000 1,123,359 0.54 1,912,000 H 4,066,000 4,565,018 2.21 1,835,000 2,043,708 0.99 H 4,382,400 3,293,302 1.59 3,966,000 570,603 0.28 1,664,000 149,629 0.07 662,000 256,820 0.12 2,777,000 2,176,053 1.05 H 1,556,000 3,018,215 1.46 4,116,000 2,352,876 1.14 United Company RUSAL Plc 3,240,000 2,917,607 1.41 5,538,000 7,555,117 3.65 1,894,500 1,562,404 0.76 H 2,366,000 2,188,321 1.06 H 2,185,000 4,664,941 2.24 115,346,105 55.75 1 5
12,524,000 1,028,904 0.49 17,178,000 12,196,380 5.90 13,225,284 6.39 REG Conv 6% 07/23/2014 1,300,000 178,082 0.09 1 6
CS AP Note 01/20/2014 2,570,954 4,931,090 2.38 CS A P Note 02/11/2013 281,594 680,050 0.33 CS A P Note 12/30/2013 975,600 3,485,819 1.69 SB A P Note 04/18/2011 1,369,800 3,308,608 1.60 SB A P Note 05/03/2011 369,700 892,972 0.43 13,298,539 6.43 1 7
A CWts 01/17/2012 3,596,300 2,492,488 1.21 ACWts 01/20/2015 119 228 A CWts 01/20/2015 1,390,400 3,358,414 1.62 A CWts 01/20/2015 202,600 723,892 0.35 6,575,022 3.18 H Rts 07/09/2010 428,100 171,579 0.08 Wts 10/31/2012 183,400 72,327 0.04 243,906 0.12 177,089,100 85.60 1 8
9,600 11,917,440 5.76 189,006,540 91.36 H 3,930,000 (3,039,154) (1.47) H 1,728,000 (2,099,900) (1.01) 1,388,000 (2,621,021) (1.27) 2,620,000 (807,748) (0.39) 1,353,000 (2,137,798) (1.03) (10,705,621 ) (5.17 ) (10,705,621 ) (5.17 ) 178,300,919 86.19 145,270,964 1 9
13.64 31.05 50.58 51.08 3.25 6.39 4.14 70.61 89.52 0.09 0.11 0.09 0.11 6.43 3.18 0.12 3.30 5.76 4.37 86.19 94.00 2 0