Aussie managers shine in July despite standstill in regional returns


Continued strong headwinds in Europe, the uncertainly about the fiscal cliff in the US and lukewarm economic growth indicators kept the global markets on a tight leash in July, and this was well reflected in the near-flat performance of the Asian hedge funds during the month. The AsiaHedge composite index dipped a slight 0.04% in July, bringing the year-to-date performance to a modest 1.09%.

The best performers were Australian long/short equity managers, who registered the strongest gain of 2.59% in July, bringing the year-to-date gain to 5.82%. China managers were the worst performing, posting a median loss of