Asia-focused long/short managers enjoyed more buoyant returns in January, reversing a streak of negative median returns for several months.
The AsiaHedge Composite Index gained 1.75%, a reversal of the -0.32% median return in December but still sub-par against the performance of the relevant benchmark MSCI Pacific Free Net index which climbed 6.47% during the month.
Long/short funds focused on Indian equities posted the strongest jump in returns, the median climbing to 12.02% from 4.73% in December. The Sensex by comparison only climbed 11.25% during the period.
Market commentators says