Hedge funds regain some appeal as Asian markets tumble

Rising rates an advantage for industry

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These funds have tended to perform better than equities during a period of rising interest rates.

SINGAPORE (Nikkei Markets) -- Asian investors are showing more interest in hedge funds as regional stock and bond markets retreat, perking up an industry that has struggled to raise new money in recent years due to lackluster performances.

Historical trends could also work in favor of such funds that pool money from the wealthy and institutions and aim to outperform the market.

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