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Komfie Manalo, Opalesque Asia:

China-focused hedge funds are the top performers in all hedge fund indices year-to-date as they surged in the fourth quarter of this year thanks to the receding geopolitical tensions in the region, reported Hedge Fund Research in its latest Asian Hedge Fund Industry Report.

The HFRI China Index has gained +27.8%YTD through October, inclusive of a 7.0% return in 3Q. The YTD advance for the HFRI China Index has topped both the strong performance of Chinese equities, which have climbed 9.3%, as well as the HFRI India Index, which was up 24.9% through October.

"Asian hedge funds have surged in 2017 driven by accelerating global and regional economic trends, accelerating new equity offerings (IPO) by Asian companies, and expectations and positioning for RMB strength into year-end," stated Kenneth J. Heinz, President of HFR. Heinz added that total Asian hedge fund capital rose by more than $3bn in 3Q to $120.5bn, approaching the record peak of $126.3bn in 2Q 2015. Over the first three quarters of 2017, total Asian hedge fund capital has increased by 9.2%. Across the globe, the total hedge fund capital rose to a record of $3.15tln to begin 4Q17.

The YTD performance return of 27.8% for the HFRI China Index is the strongest since 2009, when the HFRI China index was up 35.8% through the first ten months of the year before ending t......................

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