Following a year of positive performance, the equity hedge manager hires long-only veteran Roger Lee to help build scale.
The best and worst performing unit trusts in May were equities funds, says Lipper.
Lipper research shows equity funds posted an average loss of 16.50% in January. Foreign institutional investors pull out a record $3 billion from Indian stocks.
Lipper analyst Kenneth Koh expects more tough times ahead for funds as markets worldwide attempt to regain their footing.
In line with a regional trend, commodities funds in Hong Kong provided investors with the strongest gains last month.
Lipper research shows equity funds have lost steam, leading last month’s worst performers.
Lipper data shows equity funds sold in the market led gains, posting an average return of more than 30% for the year.
Lipper analyst Kenneth Koh expects Singapore’s business environment to be tougher this year, but says share price valuations are looking more reasonable.
Commodities funds are among the worst performers.
Equity funds tracked by Lipper lead gains in September.
September turns in an average 3% gain for funds tracked by Lipper.
The average performance of India equity funds was an improvement in September, but most still failed to beat the stock market benchmark.
Funds tracked by Lipper post an average loss of 3.64% in August.
Foreign investors lead sell off in local market.
The alternative fund manager teams up with the ADB to support troubled Asian companies.