As if performance wasn’t giving Asia-focused hedge fund managers enough of a headache last month, recent figures by Singapore hedge fund data provider Eure
As if performance wasn’t giving Asia-focused hedge fund managers enough of a headache last month, recent figures by Singapore hedge fund data provider Eurekahedge show that September saw net outflows of USD1.9billion to compound the misery: the first such outflows in 17 months. This was a result of investors aggressively pulling back from risky assets over concerns of global economic growth, not to mention the political risk-infused European debt crisis. This brings YTD net allocation to Asia hedge funds to USD5billion. Asia shares were hammered in September, the MSCI Asia Pacific Index shedding 10 per cent of its value. The Eurekahedge Asia index fared better, losing 4.3 per cent, but this was still the region’s forth-biggest monthly decline since inception of the index at the turn of the century. Gloomy times right now for Asian hedge funds, and indeed the industry at large.
