With 72% of Asia’s hedge fund contributors to the Eurekahedge database having submitted their results for September, the identities of last month’s top 10 Asian hedge funds are emerging. It will be an important month of fund results (at least, until the next important month occurs).

September Returns

Antipodean Capital Management A$ Currency Fund (3X)

36.08

Fraternity Hedge Fund

14.56

MacroValue Fund

14.07

The Earth Japan Fund

13.22

Sigma Asia Equity VA Fund

12.32

Blue Fin Compact Omega Program

10.90

InnoFusion Asia Multi-Strategy Fund

10.27

HuaAn Genesis China Thematic Long/Short Fund SP

9.24

FX Concepts (SAC) Ltd - GFM Fund (Offshore)

9.23

BIA Pacific Macro Fund - US Dollar Class

8.60

 

 

“There are no permanent safe havens, rather a succession of temporary shelters from the storm,” says Geoff Barker, PM of number 10 on the list, BIA Pacific Macro Fund. “The key to keeping capital safe from the storm is to forecast correctly the sequence of events. Markets and economies are inter-connected and so a large enough shock in one area tends to permeate through the system until a new equilibrium is found.”

Here are the year-to-date’s best performers. Good to see Newtonian in there, a firm whose launch AsianInvestor covered in 2007.

 

YTD Returns (Sep 2011)

Monsoon Asia-Pacific Systematic Program

42.77

Pivotal Investments Ltd

37.32

Heartstrings Fund - Class A USD

35.70

The Earth Japan Fund

32.98

Antipodean Capital Management A$ Currency Fund (3X)

30.09

Segantii Asia-Pacific Equity Multi-Strategy Fund

29.06

InnoFusion Asia Multi-Strategy Fund

28.09

Sinfonietta

27.64

Pacific-Asset Fixed Income & Currency Fund (PAFIC)

25.08

Newtonian China Real Estate Fund Ltd

24.94

 

 

On the annualised returns league table, Galaxy China Deep Value Fund, is atop the list. That fund, run by Joe Chan and Tim Tse, has often emerged at the head of the field of China funds in recent years.

Annualised Return

Galaxy China Deep Value Fund

72.32

The Earth Japan Fund

71.04

Edge Investment Management Ltd

70.74

Monsoon Asia-Pacific Systematic Program

64.85

Phalanx Japan-AustralAsia Multi-Strategy Fund

45.82

Prudence Enhanced Income Fund

45.70

Blue Fin Compact Omega Program

44.93

Evergreen Australian Equities Return Fund

37.67

The Velocity Fund

35.61

Credence Oriental Trade Enterprise Limited Partnership

35.19

 

 Annualised Standard Deviation

Asian Strategic Orient Fund

0.91

Astgenesis Fund

2.18

MWG Japan Market Neutral Fund - Class A JPY

2.28

Pilgrim Asian Macro Fund - USD class

2.42

Gartmore Japan Absolute Return Inst Acc

2.46

HSBC Quant Alternative Fund - Global Bond Market Neutral 300 - Class I USD

2.50

PM CAPITAL Enhanced Yield Fund

2.50

Resolution of Japan Fund Class JPY - S

2.56

GCI RV Trust

2.57

Basana World Income Fund SP EUR Class 3

2.69