Multi-strat Zen Macro nosedives in January


The Shanghai-based Zen Macro Strategic Fund ended significantly underwater in January.

The multi-strategy fund, which adopts a global focus and invests in the US and Europe as well as Asia and emerging markets, posted a whopping loss of 34.567% for the month, which comes on top of an 11.5% loss in 2011. It has now posted a return of -40.34% since inception. 

AsiaHedge database places the size of the fund, which was launched in December 2010 and whose investment activities include long/short trading in equity, equity-related securities, futures, commodities, FX, indexed securities, options and derivatives, at between $25 and $50