Asia hedge funds post biggest loss for 19 months
In May, Asia hedge funds suffered their biggest drop since October 2008, according to both Eurekahedge and Hedge Fund Research. Adding to managers' woes globally have been liquidations and outflows.
Hedge funds have followed a blockbuster 2009 with a poor first five months of performance this year, with Asia managers posting particularly limp figures.
In May, Asia hedge funds fell 5.67%, according to US-based Hedge Fund Research's HFRI Asia ex-Japan index, and 3.91%, according to Singapore-based Eurekahedge's Asian Hedge Fund Index. Both companies say last month's performance is the worst for Asia managers since October 2008. However, Eurekahedge has their performance as +0.98% …
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