Asian hedge fund specialists go Latin

Two names known for their expertise in AsiaÆs hedge funds industry, Sun Hung Kai and Singapore-based consultant GFIA, have teamed up to switch from Cantopop to salsa with the launch of a Latin America fund of hedge funds.The portfolio has been invested since November and has run up an estimated return to date of 5.2%. The principals believe it is the only such product available in Asia, and is being targeted to investors globally.The size of the fund is currently $16 million, but its …