Monetary tightening in the region combined with declining sentiment saw the InvestHedge Asia-Pacific hedge fund index down 1.81% on the month.
Nevertheless, some funds investing in the region managed positive performance, especially those with a Japanese bias or focus.
Wolver Hill Japan Multi-Strategy was up 1.51%, taking three-month figures to 0.77%, and Tact Japan Star Fund was up 0.8%, taking three-month figures to 2.11% in yen terms. The Vision Shin Nihon fund was up a stellar 3.61% in January.
Permal India Holdings was up 0.65% to leave three-month numbers at 2.3% and Green Way Select Asian was off by