Nearly all Asian markets were hit hard during the month as fears over the European debt crisis were compounded by increasing tensions between North and South Korea. While some fared reasonably well, others saw nasty falls.
Dalton Asia was down 2.88% to leave year-to-date numbers at 13.45% and the Greater Asian Hedge Fund was up 1.72% to take year-to-date figures to 5.21%.
APS Asia Pacific Hedge Fund was down by 3.51%, leaving year-to-date numbers at a relatively robust 13.43%. Largest contributors to performance included a pairs trade in Samsung SDI Company and Hyundai Motor Company, and a long holding