Lombard Odier IM’s Asia-Beating Fund Trims AI Play That Drove Its Boom
- Lombard Odier IM fund with 29% China weight beats 98% of peers
- Memory chipmakers face cyclical headwinds, oversupply woe: Gao
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A top Asia fund manager who has outperformed 98% of her peers this year largely with AI-related tech stocks is taking a breather on the hyped sector.
Faye Gao, who co-manages Lombard Odier Investment Managers’ $268.7 million Asia High Conviction Fund, said in an interview that her fund has “trimmed back” its exposure to information technology “due to uncertainties surrounding global geopolitical tensions and macroeconomic demand.” The fund has generated returns of about 27% this year and 5.7% in the last five years.