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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