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Myriad, Dymon Hedge Funds Said to Return About 20% in 2014

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Alibaba, China yuan stocks and currency trades brought it home for Asian hedge funds in 2014.

Trades related to the linkage of the Shanghai and Hong Kong stock exchanges drove a 35 percent gain in the $942 million Segantii Asia-Pacific Equity Multi-Strategy Fund, according to an investor newsletter. The $3.5 billion Dymon Asia Macro Fund returned an estimated 19 percent on currency trades including the yuan and yen, said a person with knowledge of the matter.