Bloomberg – Alibaba, China yuan stocks and currency trades brought it home for Asian hedge funds in 2014.
Trades related to the linkage of the Shanghai and Hong Kong stock exchanges drove a 35 percent gain in the $942 million Segantii Asia-Pacific Equity Multi-Strategy Fund, according to an investor newsletter. The $3.5 billion Dymon Asia Macro Fund returned an estimated 19 percent on currency trades including the yuan and yen, said a person with knowledge of the matter.
