Asia-inc strategies buoyant, but with broad dispersion


It was a strong month for the rest of Asia, with the MSCI Pacific ex-Japan up over 15% in October, but returns from funds in the Asia inc-Japan sector were mixed.

Newcomer Juggernaut Asia had a remarkable month, posting a return of 32.06% to take three-month figures to 35.39%. Divided into three books, the fund saw a strong positive contribution from six out of the seven IPOs and both of the secondary deals it participated in during the month within its capital markets book. In Japan the fund’s short positioning and trading around Olympus was a notable contributor.