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Hedge Funds Spawned by Hillhouse Burned in China Rout.

  • Periodical
  • Bloomberg.com; 6/30/2022, pN.PAG-N.PAG, 1p
  • (Bloomberg) -- For years, it's been one of the best calling cards that hedge fund startups in Asia could ask for: getting support from billionaire Zhang Lei or gaining experience at his Hillhouse Capital Group. "Some hedge funds were early to grasp the opportunities in tech stocks -- unfortunately, many held on for far too long when fortunes turned against them", said Andrew Beer, founder of New York-based Dynamic Beta Investments, which seeks to replicate hedge fund returns. [Extracted from the article]
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