(Bloomberg) Asia-focused hedge funds including those managed by APS Asset Management, Springs Capital and Pine River Capital Management gained in March as a market rebound helped managers claw back from the worst start to the year on record.
Both the $98 million APS Greater China Long/Short Fund and the Springs China Opportunities Fund surged nearly 15 percent, paring first-quarter losses to about 13 percent, according to APS Chief Investment Officer Wong Kok Hoi and an investor update from Springs seen by Bloomberg News. The $1.3 billion multistrategy Pine River China Fund returned almost 4.7 percent in March, cutting this year’s losses to just under 0.4 percent, said a person with knowledge of the matter.
