Big-name Asian hedge funds draw billions in new money

But start-ups struggle amid pandemic curbs, with new funds raising median of just $27m

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HONG KONG • Established Asian hedge funds have attracted the lion's share of new money this year, while start-ups have been hamstrung by global travel curbs that have made face-to-face meetings with European and United States asset allocators impossible.

Well-known firms, including Tribeca Investment Partners, Pleiad Investment Advisors, Dymon Asia Capital (Singapore) and Sylebra Capital, have drawn more than US$3 billion (S$4.07 billion) of new money among them this year.

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A version of this article appeared in the print edition of The Straits Times on October 23, 2020, with the headline Big-name Asian hedge funds draw billions in new money. Subscribe