Asia Hedge Funds Post Biggest Annual Returns Since the Pandemic

Asia hedge funds rebounded in 2024, with many posting double-digit gains as China stocks recovered, Japan’s equity rally hit new heights and some managers reached further afield for profitable trades.

Equity funds managed by Aspex Management (HK) Ltd., Panview Capital Ltd. and CloudAlpha Capital Management Ltd. were among those that returned more than 35% in 2024, often powered by artificial intelligence-related and other technology bets, including those outside the region. Among macro funds that trade across equity, fixed income, currency and commodity markets, funds of Ocean Arete Ltd. were up at least in the high teens.

That marked the ...