Executive Summary

Hedge fund managers are positive on China as most bad news have been

priced in during the big correction from 2021 to 2023 which should result in a

multi-year recovery with interesting opportunities.

Japan offers value opportunities as the momentum on improvements in

Japan’s corporate governance and the pressure for better capital efficiency is

not slowing down.

Asian merger arbitrage has been doing very well due to a less competitive

environment after the liquidation of the largest player.

Asia remains a good region for hedge fund strategies as the markets are less

efficient, more local and independent from each other, less liquid and often

quite volatile compared to other parts of the world.

The massive and sudden move on the TWD against the USD shocked the

market participants and many are nervous that the JPY or HKD could have a

breakout too