Composite dips further for Asia’s long/short managers


Asia-focused long/short equity managers continued to stumble in April after a lackadaisical showing in March. Median return across all country-focussed strategies remained under water in April at -49 basis points compared to -22 basis points in March.

While underwhelming, the return is much better than the 1.4% retreat of the benchmark MSCI Pacific Free Net during the month but not entirely comforting as the benchmark’s year-to-date by the end of April had climbed a robust 9.72%. The AsiaHedge Composite Index during the period delivered a weaker 4.05% return.

Japan-focused yen denominated long/short funds