Asian long/short equity funds continued to suffer in November, with Indian managers receiving the brunt of the beating that many funds received during the month.
The AsiaHedge Composite Index dipped 1.82%, resulting in median losses of 5.04% for the year-to-date.
While overall median performance was underwhelming, many Asian managers did relatively well compared to equity market benchmarks.
The relevant benchmark MSCI Pacific Free Net Index slipped 5.44% during the month, bringing its year-to-date losses to 13.87%.
However, median losses for India-focused managers reached 11.23% in November, pushing their average year-to-date loss to some 25.49%, making India the worst