Riley Paterson bucks Asia-ex trend

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It was a good month for Riley Paterson Asian Opportunities Fund, which bucked the downward trend with a 3.74% gain on the month, taking YTD numbers to 8.7%. Every other fund in the sector was down, some taking nasty hits.

CC Asia was off by 1.97%, putting YTD figures at 11.93%, while Knight Asia Contrarian Fund was down 5.21% to take year-to-date numbers to 10.4%.

Akshayam Asia Fund Limited was down 3.77% on the month to leave YTD numbers at -6.96% and Henderson Asia Select Absolute Return was down 5.79% to take YTD figures to -13.34%.

HT Asian