Zhen HONG KONG (Reuters) -Asia hedge funds weathered the March selloff in markets better than their U.S. counterparts, helped by the relative outperformance of Chinese stocks as global investors rushed into that market.

After dumping bets in the US and Europe last week, hedge funds in Asia moved to unwind their wagers earlier this week, Goldman Sachs said in a note to clients. The region saw the largest decline in hedge fund positions in four years on Monday,

Hedge fund stock pickers and multi-strategy funds gave up around half their average yearly gains in Thursday's tech-driven equity selloff, a note by Goldman Sachs showed .