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China SWF eyes Asian hedge funds

It bets on them after they outperform global funds from 2012 to 2015, returning an annualised 9.5% against 5.7%

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LONG-TERM INVESTOR: China Investment Corp says it is "patient" with the equity and activist hedge funds that it backs and that have posted a wide range of returns.

New York

CHINA'S US$814 billion sovereign wealth fund (SWF) may increase investments in hedge funds in Asia, betting they can beat rivals trading in developed markets.

Hedge fund managers face fewer competitors in Asia, where markets are less efficient and mature than in the United