Asian hedge fund medians mostly under¬performed against benchmarks in February. The twin exceptions were equity funds devoted to Australia and India.
Australian funds posted a median gain of 1.83% during the period, a performance just slightly higher than the Australian All Ordinaries’ 1.52% climb.
Indian funds continued to post declines in February but their 2.13% performance slippage is better than the Sensex’s 2.75% burnout.
Year-to-date, Indian funds have only lost 10.55% of their value, as compared to the Sensex’s 13.10% decline.
Funds invested in Chinese shares posted among the more anaemic performances among regional funds, having given up