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Bets on AI, Japanese and US stocks drive Asian hedge fund outperformance

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Bets on shares in AI-related companies, plus wagers on the wider Japanese and US stock markets, helped several Asia-based hedge fund firms outperform their peers during the first half of the year, according to a report by Bloomberg.

The report cites unnamed sources as revealing that the CloudAlpha Tech Fund and the Sino Vision Greater China Market Neutral Fund saw returns of 35% and 25% respectively in the first half of the year on the back of bets on AI-related shares. The Panview Asian Equity Fund meanwhile, racked up a 13% gain driven by Japanese equities.

Those figures put the funds way ahead of their peers with figures from Eurekahedge showing that the average Asia hedge fund gained just 1.4% in the first half of the year.

The report also cites unnamed sources as revealing that the TAL China Focus Master Fund put on 12% in H1, as it upped its positions in US-listed stocks by 56%, adding to its holdings in Meta Platforms, Nvidia, and Microsoft, according to its latest regulatory filings.

Other H1 outperformers include Keystone Investors Pte’s hedge fund which was up 9.7%, APS Asset Management’s APS All China Long Short Fund (+8.4%) and Ariose Capital Management’s hedge fund which gained 13% in the first half, after surging nearly 49% in 2022, according to Bloomberg’s sources.

Barun Agarwal’s Hong Kong-based Factorial Management Ltd, a pan-Asia multi-strategy hedge fund meanwhile, continued its winning streak of making gains in every year since its inception in 2012, by scoring a 9.4% first half increase.

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