This article aims at helping portfolio managers to choose which Asia-focused hedge funds to invest in. If not convinced yet about adding such exposure to the portfolio, my previous article will hopefully make even the most sceptical readers open to this investment opportunity. The first advice is not to follow the current trend of massive inflows towards large hedge funds (see the graph below). Investors should consider small funds as more advantageous investment vehicles. Reasons for the abovementioned inflows are numerous: larger sales teams, quicker and more comprehensive response to increasingly demanding enquiries from investors regarding risk analytics, or even brand new strategies...