Macro, tech funds gain in November


Early indications show that November was a positive month for many of the Asia-focused macro funds and also saw the comeback of technology-focused funds in a big way.

On the equity long/short side, it remained more of a mixed month. Some of the established names in China long/short side brought in decent performance, an example being Dragon Billion, which was up 0.78% in November to put it ahead by 3.38% year to date. Overall, China managers appeared ready to put more risk on the books as the tail risks of a hard landing in China seemed to fade