Persistent Edge's Asian niche

Persistent Edge was founded in 2002 and has three principals: Raj Mehta, Xin Huang and Eric Xu. The group is based in San Francisco and has a research office in Beijing. The firm manages $180 million in global and Asian fund of hedge fund portfolios. The Asian fund of hedge funds, launched in April 2003, has returned 14% during 2004 and 8.6% in the first eight months of 2005.