Mixed fortunes for funds in Asia as investors head for developed markets

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Asia saw mixed fortunes in January, with some parts of the region hurt by the sell-off as investors rotated out of emerging and into developed markets.

Last year’s star performers – India, Indonesia and Thailand – were down 10%, 8% and 6.5% respectively, while the fund of funds median was down by 0.63% on the month.

It was a fair month for Persistent Edge Asia Partners, nominee in the upcoming InvestHedge Awards, which was up 0.96% to leave three-month numbers at 3.84%. During the month, multi-strategy managers contributed the most to the portfolio’s performance. The portfolio’s Greater China