January saw a sharp sell-off in Asian markets, as both the Chinese and Indian central banks tightened monetary policy, and many hedge funds were down on the month.
Pangolin Asia was up 3.08% on the month, taking three-month returns to 15.71%, while Trophy Fund was off by 3.6%, leaving three- month figures at 12.21%. APS Asia Hedge Fund gained 5% to put three-month numbers at 10.72%.
FrontPoint Asia Pacific was up an estimated 1.02% to leave three-month numbers at 6.64% while Hamon Oriental was down 8.37% to leave three-month returns still reasonable at 4.68%. Opera Pan-Asia was down 3.75%