Some of Asia’s biggest hedge funds are maintaining their faith in technology companies, despite the recent selloff in artificial intelligence stocks that’s blunted an otherwise stellar start to the year.
Dymon Asia Capital Singapore Pte’s $2.5 billion Asia Multi-strategy Investment Fund and FengHe Fund Management Pte’s $3.6 billion fund both posted double digit gains. CloudAlpha Capital Management’s Singularity Tech Fund gained 28% in the first half, according to a person familiar with the matter, who requested not to be named because the information is private.