Reuters – The California Public Employees’ Retirement System (Calpers), the biggest U.S. public pension fund, has invested about $100 million in Asian credit hedge fund Double Haven, a fresh sign that investor interest in Asia-based managers is rekindling.
Although the hedge fund industry in Asia suffered net outflows of more than $4 billion in 2012, an average 15 percent return through the end of November this year has drawn investors, helping the industry raise more than $10 billion this year, according to data from Eurekahedge.
