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Portfolio > Alternative Investments > Hedge Funds

Asian Hedge Funds Continue Backslide in July

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HONG KONG (–Japanese long/short equity fund performance remains dismal, dragging down the performance of pan-Asian hedge fund indexes.

According to the Bank of Bermuda AsiaHedge index, Asian hedge funds in their composite lost 0.59% last month, but the index is still up 2.88% for the year. The index excluding Japanese funds was down only 0.41%, but including Japan the composite posts a negative 1.17% return for July.

For the year through the end of July, Asian indexes including Japanese equity strategies are all on the decline. Meanwhile, Australian funds have had a positive month with returns of 1.77%. And for the year, officials estimate that Australian long/short equity funds total 7.44% to date.

The AsiaHedge Japan Long/Short Equity was the worst-performing strategy with a loss of 1.56% in July. Still the sub index outperformed its benchmark by 4.5% in July. For the year, the Japan long/short strategy is up 7.19%, which is a much healthier performance than its counterparts in other indexes that also are struggling (see ).

As in the United States, hedge funds in Asia and Australia continue to outperform traditional stock indexes, such as the MSCI index, which posted a loss of 4.32%.

In the emerging markets indexes, it was the same story. Emerging markets funds in Asia witnessed a slight gain of 0.21% and bested the MSCI Emerging Markets Free Net Index, which dropped by 1.83%.

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Contact Bob Keane with questions or comments at: [email protected].


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