Winning bets on the rebound in Japan’s economy, economic trends, and the AI-powered tech stock rally, have helped position Asia hedge funds to post improved performance in 2023, according to a report by Bloomberg.
The report cites data from Preqin as revealing that 58% of the hedge funds tracked by the firm managed to navigate the investment turmoil in China and avoid losses in the first 10 months of the year, compared with just 32% in 2022.
Among the 2023 winners are funds overseen by Astignes Capital Asia Pte, Keystone Investors Pte, Panview Capital Ltd and Trivest Advisors Ltd.
About 68% of China-focused hedge funds lost money in the first 10 months of the year, compared with just 18% of peers specializing in Japan, according to Preqin data.
