Performance

Aussie managers shine in July despite standstill in regional returns

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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