Asia hedge funds outpace global peers on China bets, UBS says

HONG KONG, June 21 (Reuters) – Asian hedge funds led global gains in May and the first five months, as bullish sentiment towards regional equities and winning positions in China boosted performance.

Asia-focused long/short funds across all strategies rose 2.8% on average in May and 7.5% during the January-May period, showing they outperformed funds that primarily invest in the United States or Europe, according to a UBS prime brokerage note this week.