Asia hedge fund launches drop to lowest number in 14 years as China interest wanes

HONG KONG : Only 62 new hedge funds launched in Asia last year, the lowest since number since 2009 and just 15 were China-focused funds, data provider Preqin said.But Japan-focused funds more than doubled to 19.WHY IT’S IMPORTANTThe figures underscore the shift away from China as the world’s