Early indicators show a flat to mildly positive performance overall in October for Asian hedge funds, making the year-to-date returns look fairly lukewarm and still well below the gains that US-focused and other global hedge funds have brought home.
Most managers AsiaHedge spoke to admitted to keeping their bets conservative ahead of the US elections in early November as well as the leadership change in China. Market volumes thinned out, too, and both managers and allocators were seen squaring...