Asia Hedge Funds Log Losses From Iran War Before Ceasefire

To see how Asian hedge funds got blindsided by the Iran war, look no further than Trivest Advisors Ltd.

Through its almost 16 years of existence, the firm’s TAL China Focus Fund has weathered the country’s stock market routs, geopolitical spats and handling of the pandemic — only to have its worst ever monthly loss in March, slumping 10.2%. Trivest manages $5.4 billion in that strategy.