Pine River, Segantii Hedge Funds Rise in August Over Peers
- BosValen, Zeal hedge funds narrowed losses in August
- Funds posted gains or trimmed losses by cutting China exposure
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Asia-focused hedge funds run by Pine River Capital Management, Segantii Capital Management and Tairen Capital were among those that posted gains in August, when many peers were stung by losses as the region’s benchmark stock index had its sharpest decline in more than three years.
The $1.2 billion Pine River China Fund returned 1.2 percent in August, while the Segantii Asia-Pacific Equity Multi-strategy Fund rose about 0.8 percent, according to estimates from the firms. Tairen China Fund gained 3.7 percent last month, said a person with knowledge of the matter who asked to remain anonymous.