October was a volatile month in Asia, although the index ended the month slightly up.
The Greater Asian Hedge Fund finished down 1.71% for the month, putting three-month returns at 3.71%. However, the fund has seen its precious metals exposure – which had been responsible for much of the October loss – rebounding to take numbers up 1.1% by mid-November.
According to the fund’s manager William Kaye, gold and precious metals represent slightly over 50% of the fund’s long exposure, while non-precious metal-related net equity exposure is virtually flat. Kaye has added to select China internet stocks on