Asia hedge funds narrowly averted their first year of double-digit losses since the 2008 financial crisis after China’s sudden easing of Covid restrictions spurred a late market rally.
Funds including those run by Aspex Management, Triata Capital, Yunqi Capital and Brilliance Asset Management pared a significant portion, if not all, of their 2022 losses during the final two months of last year. A Eurekahedge Pte gauge of regional hedge fund returns finished the year down 8.4%, after losses exceeding 13% through the end of October put it on course for the second-ever annual double-digit decline.
