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Lombard Odier Investment Managers has made strategic adjustments to its Asia High Conviction Fund, which has notably outperformed 98% of its peers this year. Co-manager Faye Gao announced a reduction in the fund's exposure to AI-related technology stocks, citing concerns over geopolitical tensions and macroeconomic demand. The fund has achieved impressive returns of approximately 27% this year and 5.7% over the past five years.
This decision reflects a cautious approach in a volatile market, particularly as the AI sector faces scrutiny. The fund's significant 29% allocation to China has contributed to its success, but the current climate necessitates a reevaluation of risk. By trimming its AI investments, Lombard Odier IM aims to navigate potential headwinds while maintaining strong performance.
• Lombard Odier IM trims AI investments due to geopolitical uncertainties.
• The fund has outperformed 98% of peers with a 27% return this year.
The fund's previous success was largely driven by investments in these stocks.
These tensions have prompted the fund to reassess its investment strategy.
The firm manages the Asia High Conviction Fund, which has recently adjusted its AI exposure.
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