Asia indices lag behind equity benchmarks in February


In a month when equity markets made a slight comeback, almost all hedge fund medians lagged the performance of their corresponding benchmark indices. Notably, all medians, except Chinese equity, Australia and the Composite, were in negative territory for the month.

Chinese equity managers did well to generate a median performance of 0.76% but this still lagged the 2.2% generated by the MSCI China Index. Japan managers were the only ones to outperform the market, with the Japanese equity median performance being -0.24% as compared to a -0.74% fall in the TOPIX and -0.71% in the