Provisional performance figures for January show that Japanese hedgies led the way for the region, gaining 1.31 per cent (at the time of writing) according to Singapore-based industry trackePARA_BREAK_SENTINEL_9f8e7d6c

Provisional performance figures for January show that Japanese hedgies led the way for the region, gaining 1.31 per cent (at the time of writing) according to Singapore-based industry tracker, Eurekahedge. A strong yen and good corporate earnings enabled managers to generate alpha against the Nikkei 225, which gained 0.09 per cent. Asia ex-Japan hedgies were up 0.24 per cent, and although flat, managers still nevertheless outperformed regional indices – Hong Kong’s Hang Seng Index gaining 0.04 per cent. Early figures show that equity l/s strategies returned -1.36 per cent, multi-strategy strategies returned -0.51 per cent and event driven strategies returned -0.49 per cent. Unsurprisingly, given the sluggishness of Asia’s equity markets, CTA/Managed Futures had a strong month, gaining 3.80 per cent.