Asia-focused hedge funds are increasingly setting up shop in China, rather than London, New York or Tokyo, and shifting more of their attention to the mainland than to the Pac Rim, Hedge Fund Research indicated in a report.

And as an overall category, Asia-focused hedge funds are attracting more attention from investors, said Kenneth Heinz, president of HFR. Asia-focused hedge funds rose 18.9% in the second quarter, and China-focused hedge funds delivered returns of 19.8%.

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