Hong Kong start-ups lift Asia hedge fund industry – survey

Reuters – Asia-focused hedge funds slightly increased the value of the assets they manage to $144 billion in the first half of the year, helped by a few large start-ups in Hong Kong even as the industry in Singapore and Japan shrank.

Assets rose 2.5 percent, or $3.5 billion, as of the end of June compared with six months ago, a survey by industry tracker AsiaHedge showed on Friday. That was in line with the 2.4 percent return seen in the Asian hedge funds measured by the fund tracker.

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