Large Hong Kong Hedge Funds Have Best Year Since Inception
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Azentus Capital Management Ltd. and Myriad Asset Management Ltd., two of Hong Kong’s large hedge funds, had the best annual returns since inception, aided by Japan bets and investments outside of the region.
The Myriad Opportunities Master Fund, a $2.4 billion multistrategy fund, returned about 20 percent in 2013, said two people with knowledge of the performance. Azentus’s about $840 million Asia-focused global multistrategy fund rose 16.4 percent, said a person familiar with the return. The people asked not to be identified because the information is private.