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Alternative Market Briefing

Asian hedge funds receive fresh funds from Chinese investors

Tuesday, November 26, 2013

Komfie Manalo, Opalesque Asia:

Asian hedge fund managers received a much needed shot in the arm after Chinese investors poured large sums of money into them, breaking a long tradition of dependence from U.S. and European investors.

According to a Reuters report, the new trend could change the landscape of the Asian hedge funds industry and also mark a significant shift in Chinese investors attitude towards offshore investments.

Industry sources told Reuters that they are seeing a significant shift of China’s money flow. This year alone, at least half a dozen Hong Kong-based hedge funds, most of which invest in Greater China, received an estimated $500m from Chinese investors from the mainland.

The report cited Zhang Lei, founder of Asia's biggest hedge fund Hillhouse Capital, as one of the investors, as well as members of China's wealthy elite, Chinese private equity firms and gold producer Zijin Mining Group.

An earlier report by The Journal said that several large overseas investors are bullish towards Asian hedge funds. The report said that deep-pocketed pension and endowment funds—many from the U.S.—are coming to Asia in droves, ready to put cash in the region's hedge funds as the industry rounds out what is shaping ......................

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