Billionaire Zhang Lei's Hillhouse Investment saw its hedge fund assets plummet by a third last year to $27.5 billion, due to regulatory crackdowns and weakened demand in Chinese tech, consumer goods, and healthcare sectors.
Everything to know about the April 8 eclipse in Atlantic Canada | SaltWire #eclipse | SaltWireHONG KONG - 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.
According to a March report by data provider With Intelligence which estimated HHLR's 2023 asset decline at roughly $10 billion, the asset plunge was the largest among global billion-dollar hedge funds last year. Fundraising pressures and market uncertainties have forced numerous China-focused offshore hedge funds to either shut down or downsize in the past eighteen months. Many of them, including HHLR, have partially shifted their investment focus to non-China equities.
Eclipse Atlantic Canada Zhang Lei Hillhouse Investment Hedge Fund Regulatory Crackdowns Chinese Tech Consumer Goods Healthcare Sectors
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