Hedge Fund Triata Gains 39% as DeepSeek Boosts Fund Returns
Mar 07, 2025 - financialpost.com
The article discusses the significant gains made by several hedge funds, including Triata Capital Ltd., Viridian Asset Management, Aspoon Capital Ltd., Red Gate Asset Management Co., and Keywise Capital Management Ltd., due to a rally in Chinese stocks driven by excitement over DeepSeek's AI advancements and Unitree Robotics' technology. Triata's China hedge fund saw a 39% return, largely due to investments in AI software and data center stocks. Viridian Asset Management achieved a 6% gain by participating in share offerings of Chinese tech companies, while Aspoon Capital reported a 4.8% increase, attributing its success to investments in AI-related stocks. Red Gate's fund rose by 8%, driven by advanced manufacturing and IT stocks, and Keywise's fund gained 5.9%, benefiting from investments in Chinese tech companies like Alibaba and Tencent.
The article highlights the broader impact of DeepSeek's AI model and Unitree's robotics technology on the Chinese stock market, with the MSCI China Index surging in response. It notes that the excitement around AI and robotics has led to increased investor interest and potential re-evaluation of China's technology sector. The article also mentions that companies like Alibaba and Tencent are investing heavily in AI, signaling a shift in business strategies and potentially marking the beginning of a new AI expenditure cycle.
Key takeaways:
Hedge Fund Triata Capital Ltd.'s China hedge fund returned 39% in February, driven by investments in AI software and data center stocks.
Viridian Asset Management achieved a 6% return by participating in share offerings of Chinese technology companies raising capital for expansion.
Aspoon Capital Ltd. gained 4.8% in February, benefiting from investments in Chinese AI-related stocks and predicting a sustainable rally.
Red Gate China Growth Fund saw an 8% increase, primarily due to investments in advanced manufacturing and information technology stocks.
