Prime Cap Boosts Assets, Performance

Aug 24 2011 | 12:03pm ET

Prime Capital Management is benefitting from increased appetite for Asian hedge funds—and it isn't suffering from August's industry doldrums.

The Hong Kong-based firm's Dragon Billion China Fund is up 12.7% this year, including a 0.9% return through the first three weeks of August, Reuters reports. Most Asian stock indices are down by double digits this month.

The Greater China long/short equity fund can also boast a fatter bottom line in terms of assets under management: It's up to US$1.66 billion, an increase of nearly US$1 billion from the beginning of last year, when the Yijun Liu-helmed fund ran US$700 million.

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Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…