Greater focus on India helps Singapore hedge funds outperform Asian rivals

Singapore

SINGAPORE-based hedge funds outperformed Asian rivals during the first seven months of the year thanks to a greater focus on India and global markets, according to data provider Eurekahedge Pte Ltd.

Funds headquartered in Singapore returned 2 per cent through July, while Hong Kong-based funds declined an average 2.3 per cent, Eurekahedge said in a report on Tuesday. Funds based in Australia rose 1.9 per cent, while Japan-based funds declined 2.5 per cent, the report said.