Asian hedge funds avert big disaster

Funds including those run by Brilliance Asset Management, Aspex Management, Triata Capital and Yunqi Capital and pared a significant portion, if not all, of their 2022 losses during the final two months of last year. — Bloomberg

HONG KONG: Asia hedge funds narrowly averted their first year of double-digit losses since the 2008 financial crisis after China’s sudden easing of Covid restrictions spurred a late market rally.

Funds including those run by Aspex Management, Triata Capital, Yunqi Capital and Brilliance Asset Management pared a significant portion, if not all, of their 2022 losses during the final two months of last year.