Several Asia-based hedge funds significantly outperformed their peers in the first half of the year, primarily driven by bets tied to artificial intelligence (AI) and investments in Japanese and US stocks. AI-related shares fueled a 36% return for CloudAlpha Tech Fund and a 25% rise in the Sino Vision Greater China Market Neutral Fund. Meanwhile, the Panview Asian Equity Fund saw a 13% gain, largely attributed to Japanese investments. In contrast, the average Asia hedge fund edged up by a mere 1.4%. The Sino Vision fund, worth USD690m, focused its AI bets on Taiwan, which has become a major hub for the AI ecosystem. CloudAlpha's successful AI bets were primarily in the US.