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Asia’s hedge funds wither on the vine as money flows shift

Reuters – The Asia hedge fund run by Howard Wong and Rajesh Ranganathan has produced returns nearly four times better than its peers this year, with an experienced team that over the last decade has notched up some of the industry’s best performance numbers.

And yet, Doric Capital is struggling to drum up interest in its $44 million fund, forcing one of Asia’s oldest hedge funds to give up its office overlooking the Hong Kong governor’s mansion for much smaller, humbler digs as it cuts costs.

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