Reuters – Macquarie Asian Alpha Fund has quadrupled assets to more than $1 billion since the start of 2010, according to an investor letter seen by Reuters, joining a small club of hedge funds managing $1 billion or more in the region.
Assets of the market-neutral long/short Asia focused hedge fund from Macquarie Group rose to a high of $1.03 billion in April, up from $576 million at the end of December. The fund had started 2010 with about $230 million.
