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- Pinpoint Asset Management is a Hong Kong-based hedge fund with offices in Shanghai and Singapore.
- The firm was founded 25 years ago and runs a China-focused fund and a multi-strategy offering.
- The two funds have generated strong returns through mid-April, according to HSBC's Hedge Weekly report.
After a couple of years of poor performance and dwindling assets, Hong Kong-based Pinpoint Asset Management has surged so far in 2024.
According to HSBC's Hedge Weekly report, the firm's China fund gained more than 2% through the first two weeks of April to bring its year-to-date returns to just under 8%. The firm's multi-strategy fund was up 1.8% for the month through April 15, to bring its 2024 gains to 6%. The S&P 500 through the same period was up roughly 6.7%.