May 19, 2024
Funds

China’s Hillhouse logs hefty decline in hedge fund assets in 2023

By Summer Zhen HONG KONG (Reuters) – Billionaire Zhang Lei’s Hillhouse Investment saw its hedge fund assets plummet by a third last year to $27.5 billion, a U.S. regulatory filing showed. Hillhouse, a global alternative investment firm founded by Zhang in 2005, is known for long-term bets on Chinese tech, consumer goods and healthcare companies

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