Monica Hsiao doesn’t follow anyone’s playbook.
She founded Triada Capital Ltd., a credit-focused firm in a region where equity is king and stock managers control the vast share of hedge fund assets. The straight-talking native of Guam cobbled together a modest $7 million to start the fund almost four years ago, fueled partly with savings from her parents. That’s about one-third the average amount an Asia-focused firm has started with in recent years -- and paltry by credit fund standards -- yet Triada has proved small can be beautiful. The fund has generated outsized returns, gaining almost 10% after fees in the first quarter.