Performance

Hillhouse of China sees asset surge to $6.4bn

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Beijing-based Hillhouse Capital Management has further consolidated its position as one of the biggest hedge fund operators in the region with the size of total assets that it manages growing to $6.4 billion so far this year.

It is a significant jump from $5 billion last year and serves to highlight the growth of China’s hedge fund industry that is now driven mostly by offshore funds entering the country under more relaxed QFII quotas granted by the Chinese government.

Hillhouse, which was founded by Yale alumni and Beijing resident Zhang Lei in 2005 with $30 million of seed