Asia Large Hedge Funds Seek Regional Growth in Micron, Apple
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Asia’s large hedge funds are turning to companies outside the region to deliver better returns on the billions of dollars they have raised.
Azentus Capital Management Ltd., with about $800 million in assets, generated more than a third of its 17 percent return last year outside Asia, said a person with knowledge of the performance. Tybourne Capital Management (HK) Ltd. reported $848.8 million worth of U.S.-listed securities at the end of March and Myriad Asset Management Ltd. disclosed $476.9 million, according to their 13F filings with the U.S. Securities and Exchange Commission.