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 of the year, as the credit crisis that started in the U.S.

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