Asia event-driven funds suffer a pummelling in August


Asia-focussed event-driven funds were not insulated from the volatile market environment in August, according to AsiaHedge data.

The AsiaHedge league tables show that one of the best performing event-driven funds during the month was the Orvent Fund, which reported a 0.19% gain. One of the worst was Gemini China Opportunity Fund, which delivered a - 11.57% return. The fund invests in the Greater China markets, including H-shares, B-shares, ETFs and initial public offerings including small, medium and large cap shares in Hong Kong, Shenzhen and Shanghai.

Kima Capital’s Pan-Asia Offshore Fund, meanwhile, managed somewhat to avoid the full