Asia Hedge Funds Avert China Turmoil With Bets on Japan, AI

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Hedge funds that cut China bets early in favor of Japan and global technology names reaped benefits, even as the investor stampede for Japan stymied bearish wagers. Photo: Bloomberg

(Bloomberg) — Asia hedge funds are set to post improved performance in 2023 after dodging the China investment minefield with winning bets tied to Japan’s rebound, economic trends and the AI-fueled technology rally.

About 58% of Asia-focused funds tracked by Preqin Ltd. avoided losses in the first 10 months of the year, compared with just 32% in 2022. Among the 2023 winners are funds overseen by Astignes Capital Asia Pte. Ltd., Keystone Investors Pte. Ltd., Panview Capital Ltd. and Trivest Advisors Ltd.