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The Asian Sensations

Alpha's annual ranking of the 25 biggest Asia-based hedge fund firms.

Cheah Cheng Hye, chairman and co-­founder of hedge fund firm Value Partners in Hong Kong, admits that his investment performance of late hasn’t been this bad since the Asian financial crisis of 1998. ­Value Partners’ five biggest funds were down from 14 to almost 22 percent during the first quarter

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