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.
While the majority of funds based in Hong Kong and Japan invest in Chinese or Japanese stocks, where markets have posted steep losses this year, Singapore has more funds with a global mandate or an India focus, according to Eurekahedge. Australia-headquartered funds mainly invest in global equity long-short strategies, which did not do we…
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