Jan sell-off puts Asia hedge funds on wrong footing
As a group, Asia-focused hedge funds declined 3.1 per cent, their worst start to a year since 2008, says research firm Eurekahedge
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HEDGE funds in Asia, which navigated turbulent markets to post gains in 2015, had nowhere to hide in January. As global stocks, currencies, commodities and risky bonds were roiled in a renewed frenzy of selling in January, hedge funds including those from Quam Asset Management and Greenwoods Asset Management fell more than 10 per cent last month.
As a group, Asia-focused hedge funds declined 3.1 per cent, their worst start to a year since 2008, according to Singapore-based Eurekahedge Pte. About 81 per cent of hedge funds actively reporting to the Asia Long-Short Equities category had negative returns last month, according to the research firm.
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