With confidence tentatively returning to the markets last month, Asian hedge funds were able to record positive gains, the Eurekahedge Asian Hedge Fund Index returning +2.2 per cent, slightly outpePARA_BREAK_SENTINEL_9f8e7d6c

With confidence tentatively returning to the markets last month, Asian hedge funds were able to record positive gains, the Eurekahedge Asian Hedge Fund Index returning +2.2 per cent, slightly outperforming the firm’s global index (+1.88 per cent). The Asia ex-Japan Hedge Fund Index returned +3.89 per cent helping to partially erase September’s heavy losses (-7.78 per cent) although it remains down 9.2 per cent YTD. Figures show that Japanese hedgies have attracted the most assets in 2011, increasing 7.5 per cent for the year. October returns in Japan were flat (+0.03 per cent). Within Asia ex-Japan, the best performing strategy last month (at the time of writing) was Event Driven, gaining 5.49 per cent to leave it down 1.28 per cent YTD. Fixed Income funds also did well, up 5.12 per cent to leave them up 1.64 per cent for the year. Managed Futures, despite enjoying more modest gains of 2.83 per cent, remains the best performing regional strategy in 2011: up 6.53 per cent. Equity l/s funds generated 4.37 per cent in October but they remain in the doldrums, down 10.54 per cent YTD and a considerable way off topping last year’s returns of +9.15 per cent.