China funds attract attention as Asian hedge funds hit new asset record

Asian hedge funds hit a new asset record at the end of the first quarter, as many funds were riding high from their 2020 gains.

According to data provider HFR, Asian hedge funds hit a new asset record of $132.6 billion at the end of March. This figure translates into $7 billion in inflows over the first quarter, which follows composite gains of 27% for China-focused funds in 2020.

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