Knight, CC Asia, Riley Paterson sidestep Asia-ex rout

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Knight Asia Contrarian Fund was up 0.6% on the month to take three-month figures to 11.77%, while CC Asia Absolute Return was down by only 0.53% putting three-month figures at 5.95%, and Riley Paterson Asia Opportunities was up 2.86% taking three- month numbers to 4.63%.

Akshayam Asia Fund was down 3.03% taking three-month numbers to -2.93%. The fund was hurt by longs in Chinese utilities, and Chinese, Indonesian and Indian Financials. On the positive side, it made gains from a long in Korean Telecom and a short in a Taiwanese energy company.

Henderson Asia Select was down by