Asian medians kick off New Year with flattish start


Asian hedge fund medians kicked off the New Year with a flattish start, although most regional managers managed to outperform or nearly match their benchmarks.

The AsiaHedge Composite Index median fell 0.11%, outperforming the MSCI Pacific Free Net, which was down 0.36% in January.

Difficult market conditions in India saw hedge fund managers returns drop 8.60%, but they fared better than the Sensex, which fell 10.64%.

China managers – who were also challenged by market pressures last month – were down 1.57%, registering deeper losses than the MSCI China and China Shanghai Composite