Asian hedge funds best performers in a flat world

Asia ex-Japan hedge funds were the best performers during a month of relatively flat performance, gaining an average 1.93% in July – slightly above the benchmark MSCI Asia ex-Japan Index which was up 1.84%, according to Eurekahedge. However, the standouts in the region were Japan managers, which were up 18.4% in the first seven months of the year, buoyed by Abenomics-fuelled market liquidity. They managed to squeeze out a small gain of 0.93% in July, beating the Topix, which fell …