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Asian hedge funds make steady gains for April

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Early indications show that Asian hedge funds made modest returns for April with most strategies posting positive returns.

Early indications show that Asian hedge funds made modest returns for April with most strategies posting positive returns. According to Eurekahedge, as of 11 May its Asian Hedge Fund Index showed gains of 1.05 per cent to leave it up 1.40 per cent for the year. By contrast, the MSCI Asia Pacific Index gained approximately 3 per cent for the month. The Asia ex-Japan Index gained 1.88 per cent (1.54 per cent YTD), whilst the Japan Index endured headwinds, falling 1.06 per cent to leave it +0.41 per cent for the year. US-based Hedge Fund Research posted slightly better figures for the region. Its HFRI Emerging Markets: Asia ex-Japan Index was up 2.49 per cent for April (0.74 per cent YTD). Within Eurekahedge’s Asia ex-Japan Index early signs suggest that Relative Value was the top performing strategy: up 3.60 per cent. Fixed Income continued to perform well, gaining 2.34 per cent to leave it up 4.18 per cent for the year. CTA/Managed Futures, although gaining 0.62 per cent, are still down 3.68 per cent YTD after suffering horrendous losses of 4.64 per cent in February. Equity l/s and event-driven funds would appear to have locked in similar returns for April, gaining 2.29 per cent and 2.10 per cent respectively.

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