Indian long/short funds hit hard in August firestorm


Median performance of Asia-focused long/short funds slipped 2.46% in August as most failed to withstand a significant spike in market volatility during the month.

The August tumble erased all gains made in July and brought year-to-date medians across all fund geographies into negative territory.

Australian long/short equity funds were least affected by market downturns, falling 1.80%, bringing year-to-date to -1.09%. The Australian All Ordinaries was down 2.90% in August, the softest drop in the Asia-Pacific region which suffered turbulence in the aftermath of Standard & Poor’s downgrade of US credit and fears of