In the face of continued industry restrictions in China, a high-performing fund has decided to reintroduce Tencent Holdings Ltd. (OTC:TCEHY) to its portfolio based on the company’s appealing valuation. What Happened: The Federated Hermes Asia Ex-Japan Equity Fund, which has outperformed 83% of its peers over the past three years, recently bought Tencent shares, reported Bloomberg on Thursday. Despite the Chinese government’s release of a draft rule on gaming limitations in December, the fund manager, Jonathan Pines, is optimistic about the market in China, which he believes has “absolutely inc…