Chinese billionaire Zhang Lei's Hillhouse logs hefty decline in hedge fund assets in 2023

Chinese billionaire Zhang Lei's Hillhouse logs hefty decline in hedge fund assets in 2023

Zhang Lei, founder, chairman and chief executive officer of Hillhouse Capital Management Group, speaks at the 2019 New Economy Forum in Beijing, China November 21, 2019. REUTERS/Jason Lee/File Photo

Billionaire Zhang Lei’s Hillhouse Investment saw its hedge fund assets plummet by a third last year to $27.5 billion, a U.S. regulatory filing showed.