Fund managers of the Martin Currie China Hedge Fund, Chris Ruffle and Ke Shifeng, have a strict buy discipline. Top of the list is that they do not invest in companies they have not visited. This is a discipline that requires visits to around 1000 companies a year.
Since the fund has a long book bias and focuses on small- and mid-cap entrepreneurial companies in the Greater China area, this policy is sensible. First, say the managers, there can often be a dislocation between the real economy and