Medians up again in March, but lag bullish benchmarks


Asian hedge funds achieved reasonably good performance in March and the AsiaHedge medians look pretty good - until they are compared with benchmark indices that rose sharply across the region. Also, looking at Q1 performance, all ­medians, except for Chinese equity, are in positive territory, though again left behind by their benchmark indices by a wide margin.

Australian equity managers were the only ­exception, as they outstripped the Australian All Ordinaries Index both in March and on a quarterly basis. The AsiaHedge Australian equity median rose 5.58% in March and 2.41% in Q1, compared to gains of 5.2%