Asian hedge funds had their best performance in 15 years in 2024, outperforming U.S. and Europe.

From Investing.com: 2025-01-16 04:56:04

Asian hedge funds saw their best returns in 15 years in 2024, with the HFRI Asia with Japan Index rising 12.1%. Keywise Capital’s Mega Trend strategy jumped 51% thanks to bets on Gen Z consumption and AI demand. Fundamental long-short funds in Asia gained 14.1%, outperforming U.S. and Europe peers.

First Beijing soared 42% in 2024 with stakes in Meituan and Full Truck Alliance. Funds capitalizing on China’s stimulus package in September saw decent returns. Asia-based multi strategy funds like Dymon Asia and Pinpoint delivered double digit returns. Singularity Tech Fund surged over 70% with positions in semiconductors.

Panview Capital’s flagship pan-Asia fund climbed 41% in 2024, while Keywise’s Penguin development fund booked a 71% return. Analysts note China remains a challenging market for global allocators. Key trends for 2025 are AI, businesses appealing to younger consumers, and clean energy.

Hedge funds in Asia outperformed their U.S. and Europe counterparts in 2024, with some funds like Keywise, Yunqi, and CloudAlpha seeing impressive gross returns. Investors expect trading in Asia to remain challenging in 2025 amid geopolitical uncertainty and a potential second U.S. presidency for Donald Trump.



Read more at Investing.com: Asian hedge funds’ 2024 performance best in 15 years By Reuters