(Corrects percentage changes in third paragraph)
HONG KONG Aug 24 Hong Kong-based Prime Capital
Management's Greater China long short equity hedge fund returned
0.9 percent in the first three weeks of August, increasing its
year-to-date gain to 12.7 percent, according to an investor
letter obtained by Reuters.
The Dragon Billion China Fund, managed by Yijun Liu, has
increased assets to $1.66 billion, the letter stated, up from
about $700 million at the start of 2010.
By comparison, the MSCI Golden Dragon A Index
, which combines the MSCI China, MSCI Hong Kong,
MSCI China A and MSCI Taiwan indices, fell 14 percent in the
first three weeks of August and is down 15.2 percent
The Eurekahedge Greater China long short index was up 0.1
percent as of the end of July.
(Reporting by Jonathan Gordon; Writing by Nishant Kumar;
Editing by Ken Wills)