(Opalesque) Emerging Markets (EM) hedge funds, led by funds investing in China, surged in 4Q to extend FY 2020 gains as EM hedge fund capital reached a new record, driven by gains in EM regional equity markets and surging cryptocurrencies. The HFRI Emerging Markets (Total) Index gained +12.7 percent for 2020, led by the HFRI Emerging Markets:
Emerging markets hedge fund assets extend record as expectations for global growth rise
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