China, Japan hedge funds lag as India surges

Hedge funds globally performed strongly in June on an aggregate basis, adding to respectable first-half returns. That said, China- and Japan-focused strategies posted losses in the year to end-June, while Indian funds surged. Japan funds posted a 3% return in June, paring loses in the first four months to end the first half down 0.89%, according to Hedge Fund Research (HFR). After returning 15.89% in 2013, China funds lost 1.46% last month for a first-half decline of 3.87%, by eVe…