Launches highlight HK's role as hedge fund hub

Investor interest in Myriad Asset Management's second fund shows how far Asia-based hedge funds have come since the firm launched its first fund with $300 million in 2011. Fundraising for the Myriad Japan Reflation Fund Limited started in February this year and several sources report very strong investor appetite for it, in part due to pent up demand for Japan-focused hedge funds. It has a $2.5 billion target, which would be eight times bigger than Myriad's first fund. That dema…